2344                                   LAWS OF MARYLAND                                Ch. 240

ALL THE SERVICE AREAS FOR WHICH THE BONDS WERE ISSUED.

REVISOR'S NOTE: This section formerly appeared as the
eleventh sentence of Article 43, § 654(a).

The only changes are in style.

9-697. MISCELLANEOUS BOND PROVISIONS.

(A)  DUTY OF CERTAIN PERSONS IN PAYING PRINCIPAL AND
INTEREST ON BONDS.

EACH PERSON WHO HAS A DUTY TO ACT IN THE PAYMENT OF
PRINCIPAL AND INTEREST ON BONDS ISSUED UNDER THIS SUBTITLE
SHALL PERFORM PROMPTLY THE ACT THAT IS REQUIRED.

(B)  ADVANCES BY MEMBER COUNTIES.

(1)  BEFORE A SERIES OF BONDS IS ISSUED UNDER
THIS SUBTITLE, THE GOVERNING BODY OF EACH MEMBER COUNTY THAT
WILL BE AFFECTED BY THE SERIES SHALL ADVANCE TO THE DISTRICT
NOT MORE THAN $25,000.

(2) FROM THE FIRST PROCEEDS AVAILABLE FROM THE
SALE OF THE BONDS, THE DISTRICT SHALL REPAY THE ADVANCES
MADE BY THE MEMBER COUNTIES.

(C)  APPROVAL OF OTHER ENTITIES NOT REQUIRED.

UNLESS THE APPROVAL IS REQUIRED UNDER THIS SUBTITLE, A
DISTRICT IS NOT REQUIRED TO OBTAIN THE APPROVAL OF ANY
ENTITY BEFORE IT ISSUES BONDS.

(D)  EXEMPTION FROM CERTAIN OTHER LAWS.

THE PROVISIONS OF ARTICLE 31, §§ 9 THROUGH 11 OF THE
CODE DO NOT APPLY TO BONDS ISSUED UNDER THIS SUBTITLE.

REVISOR'S NOTE: This section is new language derived
without substantive change from the thirteenth
sentence of former Article 43, § 654(a) and the
third and fourth sentences of (c) and the first
clause of § 658(b).

The fourth sentence of former Article 43, §
654(c), which provided that the provisions of
Article 31, §§ 9 through 11 of the Code, which
deal with issuance of bonds, did not apply to the
former subtitle, is deleted as unnecessary.

PART IX. MISCELLANEOUS PROVISIONS; PROHIBITED ACTS;
PENALTIES.

9-698. MISCELLANEOUS PROVISIONS.