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Session Laws, 1985
Volume 760, Page 3315   View pdf image
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HARRY HUGHES, Governor

3315

(iv) Be deemed a "security" within the meaning
of § 8-102 of the Commercial Law Article of the Code, whether or
not it is either one of a class or series or by its terms is
divisible into a class or series of instruments and negotiable
for all purposes although payable from a limited source,
notwithstanding any other law;

(v) Be payable in lawful money of the United
States at a designated place;

(vi) Be subject to the terms of redemption that
the bond resolution provides;

(vii) Be executed by the manual or facsimile
signatures of the officers of the Authority designated by the
Authority; and

(viii) Be sold in the manner and upon the terms
determined by the Authority including private (negotiated) sale
and be exempt from the provisions of §§ [9, 10, and 11 of Article
31 of the Code] 8-206 AND 8-208 OF THE STATE FINANCE AND
PROCUREMENT ARTICLE.

(4) Pending preparation of the definitive bonds, the
Authority may issue interim receipts or certificates which shall
be exchanged for such definitive bonds.

23-205.

(b) (1) The State shall pay all capital expenses for:

(i) The State Library Resource Center; and

(ii) Each regional resource center.

(2) Before any money is spent under this subsection,
the appropriate board of library trustees shall:

(i) Have the project approved by the
Department;

(ii) Through the Department, submit the request
to the Department of State Planning for consideration under
[Article 88C, § 6 of the Code] § 5-706 OF THE STATE FINANCE AND
PROCUREMENT ARTICLE; and

(iii) Agree to reimburse the Department an
amount the Department determines if the facility ceases to be
used for a resource center or cooperative service program.

Article - Health - Environmental

9-809.

 

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Session Laws, 1985
Volume 760, Page 3315   View pdf image
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