|
HARRY HUGHES, Governor 3235
OF NOTICE OF SALE, WHICH SHALL BRIEFLY OUTLINE SAID TERMS AND
CONDITIONS IN ACCORDANCE WITH THE PROVISIONS HEREOF. SAID NOTICE
SHALL STATE, AMONG OTHER THINGS, SUCH MATTERS AS ARE REQUIRED TO
BE STATED IN THE NOTICE REQUIRED TO BE PREPARED IN CONNECTION
WITH A PUBLIC SALE OF ANY GROUP OR SERIES OF BONDS PURSUANT TO
THE PROVISIONS OF THE IMMEDIATELY PRECEDING PARAGRAPH, PROVIDED
THAT THE COUNTY SHALL BE REQUIRED TO PROVIDE IN THE NOTICE ONLY
SUCH INFORMATION ABOUT THE CURRENT FINANCIAL CONDITION OF THE
COUNTY AS IT SHALL DETERMINE TO BE APPROPRIATE UNDER THE
CIRCUMSTANCES, UPON ADVICE OF LEGAL COUNSEL AND UPON ADVICE OF
THE COUNTY'S FINANCIAL ADVISOR, IF ANY, OR SHALL INDICATE IN THE
NOTICE WHERE SUCH INFORMATION MAY BE OBTAINED. THE COUNTY SHALL
DETERMINE IN SUCH RESOLUTION THE METHOD FOR DISTRIBUTING SUCH
NOTICE, THE PARTIES TO WHOM SUCH NOTICE SHALL BE DELIVERED, AND
SUCH OTHER MATTERS CONCERNING THE OFFERING OF THE BONDS ON A
LIMITED BASIS AND THE NOTICE PERTAINING THERETO AS THE COUNTY
SHALL DEEM APPROPRIATE, UPON ADVICE OF LEGAL COUNSEL AND UPON
ADVICE OF THE COUNTY'S FINANCIAL ADVISOR, IF ANY. THE COUNTY
SHALL NOT BE REQUIRED TO MAKE ANY GENERAL PUBLICATION OF SUCH
NOTICE.
SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall
take effect June 1, 1985.
Approved May 28, 1985.
CHAPTER 714
(House Bill 1695)
AN ACT concerning
Tax Sales
FOR the purpose of deleting an alternate method of foreclosing a
right of redemption for property in Baltimore City purchased
by Baltimore City; and adding a provision limiting rights of
action under the former provisions.
BY repealing
Article 81 - Revenue and Taxes
Section 117 through 121
Annotated Code of Maryland
(1980 Replacement Volume and 1984 Supplement)
BY adding to
Article 81 - Revenue and Taxes
Section 117
|