HARRY HUGHES, Governor

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c)  By August 1, 1982, describe how the Order
will affect the administration of those programs
not requiring statutory or regulatory
modification and proceed with implementation;

d)  By November 1, 1982, draft proposed
legislative and regulatory changes to existing
programs to make implementation possible.

6.   The Development Council shall consult with the
executive agencies about their implementation actions
and report its findings to me.

7.   The State Development Council, as constituted by my
Executive Order 01.01.1980.01, shall continue in
existence to review and coordinate Maryland's physical
and economic development.

8.   The State Development Task Force shall continue in
existence, review the proposed changes recommended by
the executive agencies pursuant to Paragraph 5(d), and
report the results to me by January 1, 1983.

9.   This Executive Order shall take effect on June 1,
1982.

PROCLAMATION OF AUGUST 20, 1981

QUALIFIED MORTGAGE BOND ALLOCATIONS

WHEREAS, Section 103A(g) of the Internal Revenue Code of
1954, as amended by the Mortgage Subsidy Bond Tax Act
of 1980 (as so amended, the "Code"), limits the maximum
amount of bonds that may be issued for owner-occupied
housing in any state in calendar years 1981, 1982 and
1983, the interest on which shall be exempt from
taxation under the Code; and

WHEREAS, Section 103A(g) provides for an allocation of such
maximum amount of bonds, defined in Section 103A(g)(4)
of the Code as the "state ceiling," between and among
any state housing finance agency and other issuing
authorities within each state; and

WHEREAS, Such allocation does not maximize the ability of
the Community Development Administration (the
"Administration") as the state housing finance agency