Section 5-403 - Legislative findings; purposes(a) The General Assembly finds that: (1) unemployment conditions exist in many areas of the State;(2) the acquisition and improvement of facilities are essential to relieve this unemployment and establish a balanced economy in the State;(3) the health, safety, welfare, and right of gainful employment of residents throughout the State will be promoted by the acquisition and improvement of facilities;(4) the control or abatement of environmental pollution in the State, including noise pollution, is necessary to: (i) protect the health, safety, and welfare of the residents of the State;(ii) protect natural resources;(iii) retain and attract industry and commercial enterprises; and(iv) promote economic development;(5) public ports in the State are valuable assets and any improvements to these ports that increase the import and export of waterborne commerce will directly benefit residents throughout the State;(6) businesses need greater access to capital markets; and(7) the availability of financial assistance under this subtitle will promote the economic development of the State.(b) The purposes of this subtitle are to: (1) relieve unemployment in the State;(2) encourage the increase of industry and commerce and a balanced economy in the State;(3) help retain and attract industry and commerce through measures including: (ii) the control, reduction, or abatement of environmental pollution; and(iii) the utilization and disposal of wastes;(4) promote economic development;(5) protect natural resources and encourage resource recovery;(6) encourage the creation and expansion of day care facilities in the State; and(7) promote the health, safety, and welfare of residents throughout the State.