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Session Laws, 1990 Session
Volume 436, Page 264   View pdf image (33K)
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Ch. 6 LAWS OF MARYLAND

(i) If a loan is made from the proceeds of a bond issue, the loan may
not bear interest at a rate that would cause the bonds to be "arbitrage bonds" within
the meaning of Section 103(c) of the Internal Revenue Code of 1954, as amended, or
any successor provision; and

(ii) A loan shall mature at a date no later than 10 years following the
date on which the first funds are advanced to the enterprise.

DRAFTER'S NOTE:

Error: Erroneous subsection citation in Article 4, § 27-6, Code of Public
Local Laws of Maryland.

Occurred: Ch. 595, Acts of 1986, erroneously cited Article 4, § 27-6(b) as
being amended by that Act, when in fact the provision being amended was §
27-6(c). Correction by the publisher in the 1989 Supplement of the Code of
Public Local Laws for Baltimore City is validated by this Act.

Article 5 - Calvert County

14-104.

(a) In order to qualify for any benefits, points shall be credited to each
volunteer in accordance with the following:

(6) Three-quarters of a point shall be credited for each hour of acceptable
collateral duties [such as, but not limited to], including], INCLUDING fund-raising,
apparatus and building maintenance, administrative duties, fire prevention, and CPR
instruction. No more than 20 points may be credited for all collateral duties performed
each year.

DRAFTER'S NOTE:

Error: Omitted opening bracket in Article 5, § 14-104(a)(6), Code of
Public Local Laws of Maryland.

Occurred: Ch. 458, Acts of 1989. In the printing of House Bill 1076, which
subsequently was enacted as Ch. 458, an opening bracket to indicate the
deletion of the phrase "such as, but not limited to" from existing law was
omitted.

Article 8 - Cecil County

1-18.

(a) [The] EACH MEMBER OF THE Board of County Commissioners shall
receive a salary of $30, 000 per year.

DRAFTER'S NOTE:

Error: Extraneous and ambiguous term in Article 8, § l-18(a), Code of

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Session Laws, 1990 Session
Volume 436, Page 264   View pdf image (33K)
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