4334                                  LAWS OF MARYLAND                                Ch. 791

SHALL FILE OR CAUSE TO BE FILED WITH THE SECRETARY OF
ECONOMIC AND COMMUNITY DEVELOPMENT A WRITTEN STATEMENT
SETTING FORTH, FOR INFORMATION PURPOSES ONLY:

(1)  THE NAME AND ADDRESS OF THE ISSUING PUBLIC
BODY;

(2)  THE NAME AND ADDRESS OF EACH FACILITY
APPLICANT AND EACH FACILITY USER;

(3)  THE AGGREGATE PRINCIPAL AMOUNT OF THE BONDS
AND THE MAXIMUM MATURITY OF THE BONDS.; AND

(4)  A BRIEF DESCRIPTION OF THE FACILITY OR
FACILITIES TO BE FINANCED BY THE BONDS.

(B) FAILURE TO FILE THE WRITTEN STATEMENT REFERRED TO
IN THIS SECTION SHALL NOT IN ANY WAY AFFECT THE VALIDITY OF
ANY BONDS ISSUED UNDER THIS SUBTITLE.

266H.

THIS SUBTITLE MAY BE REFERRED TO AS THE MARYLAND
ECONOMIC DEVELOPMENT REVENUE BOND ACT.

(A) THIS SECTION APPLIES TO ANY LEASE OR CONTRACT
UNDER WHICH:

(1) THE STATE OR ANY AGENCY OF THE STATE IS TO
BE AN INITIAL USER OR OCCUPANT OF A FACILITY FINANCED BY
REVENUE BONDS ISSUED UNDER THIS SUBTITLE; OR

(2) A FACILITY FINANCED BY REVENUE BONDS ISSUED
UNDER THIS SUBTITLE IS TO BE BUILT ON STATE-OWNED PROPERTY.

(B) A LEASE OR CONTRACT WHICH IS SUBJECT TO THIS
SUBSECTION AND WHICH FORMS. ANY PART OF THE SECURITY FOR
REVENUE BONDS ISSUED UNDER THIS SUBTITLE, MAY NOT BE ENTERED
BY THE STATE OR ANY AGENCY OF THE STATE UNLESS:

(1) THE LEGISLATIVE POLICY COMMITTEE OF THE
GENERAL ASSEMBLY HAS AUTHORIZED THE FACILITY AS CONSISTENT
WITH THE CAPITAL BUDGET APPROVED BY THE GENERAL ASSEMBLY;
AND

(2) THE BOARD OF PUBLIC WORKS HAS SPECIFICALLY
APPROVED THE BOND ISSUE FOR THAT FACILITY.

266-I.

THIS SUBTITLE MAY BE REFERRED TO AS THE, MARYLAND
ECONOMIC DEVELOPMENT REVENUE BOND ACT.