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57
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HARRY HUGHES, Governor
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obligated to pay or has paid (whether such obligation is general
or limited) on bonds issued by the State of Maryland, or any
agency [or], department [of], OR political subdivision thereof,
the proceeds of which have been used, for any of the purposes
specified in § 266JJ-5 OF THIS SUBHEADING.
266JJ-10.
(b) The ordinance described in § [266JJ-8,] 266JJ-7 OF THIS
SUBHEADING may itself specify and prescribe, or may authorize its
finance board, by resolution or ordinance, or its chief executive
officer, by executive order, to specify and prescribe any of the
following as it deems appropriate to effect the financing of the
proposed undertaking:
(1) The actual principal amount of the bonds to be
issued;
(2) The actual rate or rates of interest the bonds
are to bear;
(3) The manner in which and the terms upon which the
bonds are to be sold;
(4) The manner in which and the times and places that
the interest on the bonds is to be paid;
(5) The time or times that the bonds may be executed,
issued, and delivered;
(6) The form and tenor of the bonds and the
denominations in which the bonds may be issued;
(7) The manner in which and the times and places that
the principal of the bonds is to be paid, within the limitations
set forth in this subheading;
(8) Provisions pursuant to which any or all of the
bonds may be called for redemption prior to their stated maturity
dates; OR
(9) Such other provisions not inconsistent with this
subheading as shall be determined by such legislative body to be
necessary or desirable to effect the financing of the proposed
undertaking.
266KK-1.
For purposes of §§ 266KK-1 through 266KK-5 the following
words have the meanings indicated:
(e) "Enterprise zone" means an area:
(1) Meeting the requirements of § 266KK-3 OF THIS
SUBTITLE and so designated by the Secretary pursuant to § 266KK-2
OF THIS SUBTITLE; or
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