HARRY HUGHES, Governor

1029

(2)  ONCE EVERY 2 YEARS, AFTER THE LEGISLATIVE AUDITOR
VERIFIES THE RECORDS OF THE TREASURER, THE COMPTROLLER AND THE
TREASURER OR THEIR DEPUTIES SHALL DESTROY ALL STATE BONDS AND
COUPONS THAT THE FISCAL AGENTS RETURNED BEFORE THE CLOSE OF THE
LAST FISCAL YEAR.

(3)  THE STATE BONDS AND COUPONS SHALL BE DESTROYED IN
THE PRESENCE OF THE LEGISLATIVE AUDITOR OR A DESIGNEE OF THE
AUDITOR.

(4)  THE COMPTROLLER, TREASURER, AND LEGISLATIVE
AUDITOR SHALL EXECUTE A CERTIFICATE THAT STATES THE TOTAL NUMBER
OF STATE BONDS AND COUPONS DESTROYED AND THAT ATTESTS TO THE
DESTRUCTION OF ALL OF THEM.

(H) CERTIFICATES OF DESTRUCTION.

THE TREASURER SHALL:

(1)  KEEP ALL CERTIFICATES OF DESTRUCTION; AND

(2)  SEND COPIES OF EACH CERTIFICATE TO THE PRESIDING
OFFICERS OF THE GENERAL ASSEMBLY.

REVISOR'S NOTE: Subsection (a) of this section is new
language added to clarify the former reference to "a
bank incorporated and authorized to do business in the
State".

Subsections (b) through (h) of this section are new
language derived without substantive change from
former Art. 95, §§ 12, 14, 17, and 18.

The introductory phrase of subsection (c) of this
section, "[d]uring its agency", is substituted for the
former language "upon entering the performance of
duties", to clarify that a fiscal agent must have
coverage throughout the agent's employment.

In subsection (c) of this section, the language "in
the form and amount required by law" is substituted
for the former, incomplete reference to Art. 78A, §§
46 through 50 of the Code. See also Art. 19, § 20 of
the Code and § 10-102 of this article.

In subsection (d)(1) of this section, the phrase "from
money advanced to the agent" is substituted for the
former reference to "the principal and interest on
such portion thereof as consists of the currency
stock", for clarity.

Subsection (f) of this section is revised so that the
phrase "if the Treasurer requires" now modifies the
duty to return State bonds and coupons. Under former
Art. 95, § 17, the return of State bonds and coupons