MARVIN MANDEL, Governor 529
(F) REFUSAL TO COOPERATE WITH ACCOUNTANTS.—ANY
OFFICES OF EMPLOYEE WHO REFUSES TO GIVE THE REQUIRED
ASSISTANCE AND INFORMATION TO THE ACCOUNTANTS SELECTED
BY THE SERVICE OR BY THE STATE, OR WHO REFUSES TO
SUBMIT TO THEM FOR EXAMINATION THE BOOKS, DOCUMENTS,
RECORDS, FILES, ACCOUNTS, PAPERS, THINGS, OR PROPERTY
REQUIRED FOR THE AUDIT, IN THE DISCRETION OF THE
SERVICE, MAY BE REQUIRED TO FORFEIT HIS OFFICE OR
EMPLOYMENT.
REVISOR'S NOTE: This subsection is new language
derived from Article 33b, section 24(f) of
the Code.
3-128. DEBT SERVICE RESERVE FUNDS.
(A) THE SERVICE MAY CREATE AND ESTABLISH ONE OR
MORE RESERVE FUNDS TO BE KNOWN AS DEBT SERVICE RESERVE
FUNDS, AND MAY PAY INTO THE DEBT SERVICE RESERVE FUNDS
(1) ANY MONEY APPROPRIATED AND MADE AVAILABLE BY THE
STATE FOR THE PURPOSE OF THE FUNDS, (2) ANY PROCEEDS
OF SALE OF NOTES OR BONDS, TO THE EXTENT PROVIDED IN
THE RESOLUTION OF THE SERVICE AUTHORIZING THE ISSUANCE
THEREOF, AND (3) ANY OTHER MONEY AVAILABLE TO THE
SERVICE FOR THE PURPOSE OF THE FUNDS FROM ANY OTHER
SOURCE OR SOURCES. THE MONEY HELD IN OR CREDITED TO
ANY DEBT SERVICE RESERVE FUND ESTABLISHED UNDER THIS
SECTION, EXCEPT AS HEREINAFTER PROVIDED, SHALL BE
SOLELY FOR THE PAYMENT OF THE PRINCIPAL OF BONDS OF
THE SERVICE SECURED BY THAT DEBT SERVICE RESERVE FUND
AS THE SAME BECOME DUE, THE PURCHASE OF THE BONDS OF
THE SERVICE, THE PAYMENT OF INTEREST ON THE BONDS OF
THE SERVICE, OR THE PAYMENT OF ANY REDEMPTION PREMIUM
REQUIRED TO BE PAID WHEN THE BONDS ARE REDEEMED PRIOR
TO MATURITY; BUT THE SERVICE MAY PROVIDE THAT MONEY IN
ANY FUND NOT BE WITHDRAWN THEREFROM AT ANY TIME IN AN
AMOUNT TO REDUCE THE AMOUNT OF THE FUNDS TO LESS THAN
THE MAXIMUM AMOUNT OF PRINCIPAL AND INTEREST BECOMING
DDE IN ANY SUCCEEDING CALENDAR YEAR ON THE BONDS OF
THE SERVICE THEN OUTSTANDING AND SECURED BY THAT DEBT
SERVICE RESERVE FUND, EXCEPT FOR THE PURPOSE OF PAYING
PRINCIPAL OF AND INTEREST ON THE BONDS OF THE SERVICE
SECURED BY THE DEBT SERVICE RESERVE BECOMING DUE AND
FOR THE PAYMENT OF WHICH OTHER MONEY OF THE SERVICE
ARE NOT AVAILABLE. ANY INCOME OR INTEREST EARNED BY,
OR INCREMENT TO ANY DEBT SERVICE FUND DUE TO THE
INVESTMENT THEREOF, WITH THE APPROVAL OF THE GENERAL
ASSEMBLY MAY BE TRANSFERRED BY THE SERVICE TO ANY
OTHER FUND OR ACCOUNT OF THE SERVICE, AND THE SERVICE
MAY PROVIDE THAT THE TRANSFER MAY NOT SEDUCE THE
AMOUNT OF THE DEBT SERVICE RESERVE POND BELOW THE
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