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<section article="gec" article_name="Economic Development" number="10-131" title_number="10" title_name="Statewide Development Resources and Revenue Authorities" subtitle_number="1" subtitle_name="Maryland Economic Development Corporation">
  <level label="a">
    <level label="1">
      <text>In this section the following words have the meanings indicated.</text>
    </level>
    <level label="2">
      <text>“Corporation student housing project” means housing that is:</text>
      <level label="i">
        <text>a residence hall, dormitory, or other housing units established under this subtitle;</text>
      </level>
      <level label="ii">
        <text>owned or operated by the Corporation; and</text>
      </level>
      <level label="iii">
        <text>on land leased by the Corporation from the University System of Maryland.</text>
      </level>
    </level>
    <level label="3">
      <text>“Occupancy agreement” means a lease, license, or housing contract for any Corporation student housing project.</text>
    </level>
  </level>
  <level label="b">
    <level label="1">
      <text>An institution of higher education that leases land to the Corporation for the purpose of providing student housing shall provide the following information when a student applies to be a resident of either a Corporation student housing project or a residence hall that is owned by the institution of higher education:</text>
      <level label="i">
        <text>the names of all residences that a student may occupy;</text>
      </level>
      <level label="ii">
        <text>an indication of those residences that are Corporation student housing projects; and</text>
      </level>
      <level label="iii">
        <text>in plain language, a differentiation of the implications of the following required occupancy agreement provisions for students living in Corporation student housing projects compared to students living in residence halls that are owned by the institution of higher education:</text>
        <level label="1">
          <text>termination;</text>
        </level>
        <level label="2">
          <text>force majeure;</text>
        </level>
        <level label="3">
          <text>parties to the agreement; and</text>
        </level>
        <level label="4">
          <text>start and end dates to the occupancy period.</text>
        </level>
      </level>
    </level>
    <level label="2">
      <text>The information required under paragraph (1)(iii) of this subsection shall include a statement that:</text>
      <level label="i">
        <text>Corporation student housing projects are not owned or operated by the institution of higher education;</text>
      </level>
      <level label="ii">
        <text>the occupancy agreement that is required prior to taking possession of a unit in a Corporation student housing project is an agreement between the Corporation and the student and not between the student and the institution of higher education; and</text>
      </level>
      <level label="iii">
        <text>explains the student’s liability for rental payments if the student voluntarily or involuntarily vacates the Corporation student housing project.</text>
      </level>
    </level>
  </level>
  <level label="c">
    <level label="1">
      <text>An occupancy agreement between the Corporation and a student living in a Corporation student housing project shall:</text>
      <level label="i">
        <text>indicate each reference to the Corporation in bold type;</text>
      </level>
      <level label="ii">
        <text>state that the Corporation is the owner of the Corporation student housing project;</text>
      </level>
      <level label="iii">
        <text>provide contact information for the management company of the Corporation student housing project; and</text>
      </level>
      <level label="iv">
        <text>in plain language, provide a differentiation of the implications of the following required occupancy agreement provisions for students living in Corporation student housing projects compared to students living in residence halls that are owned by the institution of higher education:</text>
        <level label="1">
          <text>termination;</text>
        </level>
        <level label="2">
          <text>force majeure;</text>
        </level>
        <level label="3">
          <text>parties to the agreement; and</text>
        </level>
        <level label="4">
          <text>start and end dates to the occupancy period.</text>
        </level>
      </level>
    </level>
    <level label="2">
      <text>The information required under paragraph (1)(iv) of this subsection shall include a statement that:</text>
      <level label="i">
        <text>Corporation student housing projects are not owned or operated by the institution of higher education;</text>
      </level>
      <level label="ii">
        <text>the occupancy agreement that is required prior to taking possession of a unit in a Corporation student housing project is an agreement between the Corporation and the student and not between the student and the institution of higher education; and</text>
      </level>
      <level label="iii">
        <text>explains the student’s liability for rental payments if the student voluntarily or involuntarily vacates the Corporation student housing project.</text>
      </level>
    </level>
  </level>
</section>
