|
1468 LAWS OF MARYLAND Ch. 284
of the second sentence of that subsection, the third
and fourth sentences of (f), and the first sentence
and the second clause of the third sentence of (g).
Subsection (c) of this section is standard language
substituted for the first clause of the second
sentence of former Art. 40, § 61(e), which required
the report to "be in such form as prescribed by the
Division", and the first and second sentences of (f),
which required the Division to prepare and distribute
the forms and allowed alteration periodically. This
substitution is made for brevity and conformity to
similar requirements elsewhere in the Code.
In subsection (b) of this section, the former,
specific reference to a "general or special tax" is
deleted as unnecessary in light of the broad reference
to a "levy".
Also in subsection (b) of this section, the former
requirement to file the report "at least once in each
year" is deleted in light of the specific directive to
submit the report within 120 days after the fiscal
year ends.
In subsection (d)(3)(i) and (vi) and (4) of this
section, the references to a "bond" indebtedness are
substituted for the former references to a "bonded"
indebtedness, for clarity.
In subsection (d)(3)(v) of this section, the former
reference to a "public corporation" is deleted as
unnecessary in light of the use of the defined term
"political subdivision".
In subsection (d)(5) of this section, the former
reference to "bonded indebtedness" is deleted as
unnecessary in light of the broad term
"obligation[s]".
Defined terms: "County" § 1-101
"Includes";"including" § 1-101
2-102. PENSION SYSTEMS.
(A) REQUIRED.
ON OR BEFORE JANUARY 1 OF EACH YEAR, THE DEPARTMENT OF
FISCAL SERVICES SHALL SUBMIT TO THE LEGISLATIVE POLICY COMMITTEE
A SUMMARY OF THE STATUS OF THE PENSION SYSTEM OF EACH COUNTY,
MUNICIPAL CORPORATION, AND SPECIAL TAXING DISTRICT IN THE STATE.
(B) BASIS OF REPORT.
THE REPORT SHALL BE BASED ON INFORMATION THAT:
|
