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<section article="ghs" article_name="Housing and Community Development" number="4-1606" title_number="4" title_name="Division of Development Finance" subtitle_number="16" subtitle_name="Residential Mortgage Programs for Certain Counties">
  <level label="a">
    <text>The legislative body of a covered county that undertakes a program shall adopt an ordinance or resolution that specifies:</text>
    <level label="1">
      <text>the proposed program;</text>
    </level>
    <level label="2">
      <text>the amount of bonds to be issued;</text>
    </level>
    <level label="3">
      <text>the interest rate or rates that the bonds will bear or the method to determine the rate or rates; and</text>
    </level>
    <level label="4">
      <text>other provisions consistent with this subtitle that the legislative body considers appropriate to finance mortgage loans.</text>
    </level>
  </level>
  <level label="b">
    <text>An ordinance or resolution that authorizes the issuance of bonds shall include findings about:</text>
    <level label="1">
      <text>the appropriate ranges of income of families of low or moderate income;</text>
    </level>
    <level label="2">
      <text>the need for the financing that is allowed under this subtitle;</text>
    </level>
    <level label="3">
      <text>the types of housing available and needed in the covered county; and</text>
    </level>
    <level label="4">
      <text>other factors that the legislative body of the covered county finds appropriate to establish a program.</text>
    </level>
  </level>
  <level label="c">
    <text>A finding by the legislative body of a covered county about the qualification of an individual or family as a family of low or moderate income, or about any other matter connected with a program is conclusive in a suit, action, or proceeding that involves the validity or enforceability of a bond issued under this subtitle or the security for the bond.</text>
  </level>
</section>
