§ 19-804. Enactment of ordinance or resolution required

   (a) In general. -- By ordinance or resolution, the governing body of Cecil County shall specify:

   (1) the program;

   (2) the amount of bonds to be issued under the program;

   (3) the interest rate of the bonds, or the manner of determining the rate; and

   (4) other provisions not inconsistent with this subtitle to effect the financing of the mortgage loans.

(b) Findings required. -- In the ordinance or resolution adopted under this subtitle, the governing body of Cecil County shall make findings regarding:

   (1) the need for the financing authorized under this subtitle;

   (2) the types of housing available and needed in the county; and

   (3) other factors that the governing body finds appropriate to establish a program.

(c) Process for adoption. -- An ordinance or resolution adopted under this subtitle is not subject to:

   (1) referendum; or

   (2) other procedures that do not apply to all ordinances or resolutions enacted by Cecil County.

HISTORY: An. Code 1957, art. 25, § 11D(d), (e)(1), (h); 2013, ch. 119, § 2.