HARRY HUGHES, Governor

4167

Governmental Units") until the earlier of (i) January 1,
1986, or (ii) the effective date of any State legislation
with respect to the allocation of the Maryland State
Ceiling; and

WHEREAS, the Maryland General Assembly has not met in regular

session more than 60 days after the date of enactment of

H.R. 4170 and is not scheduled to meet in regular session
until January of 1985; and

WHEREAS, in order to allow the orderly continuation of the
issuance of Private Activity Bonds by Maryland Governmental
Units, which consist of Maryland State agencies ("State
Issuers") and Maryland Governmental Units other than State
Issuers ("Local Issuers"), it is in the best interests of
the State of Maryland to establish guidelines immediately
for the allocation of the Maryland State Ceiling among such
Maryland Governmental Units; and

WHEREAS, this Proclamation is intended to govern the issuance of
Private Activity Bonds during calendar year 1984 only; and

WHEREAS, subsequent to issuance of this Proclamation, advice will
be solicited from State and Local Issuers and other
interested persons in order to consider the allocation
formula and procedures to be established for calendar year
1985; and

WHEREAS, based upon the recommendation of the Secretary of
Economic and Community Development (the "Secretary") and
upon the information then available concerning the needs of
the Maryland Governmental Units, a subsequent proclamation
will be issued on or before December 31, 1984 which
proclamation will govern the issuance of Private 'Activity
Bonds during calendar year 1985 until the effective date of
any State legislation with respect to the allocation of the
Maryland State Ceiling; and

WHEREAS, as permitted by H.R. 4170, this Proclamation is intended
to establish a different formula from that set forth in H.R.
4170 for allocating the 1984 Maryland State Ceiling among
Maryland Governmental Units; and

NOW, THEREFORE, I, HARRY HUGHES, GOVERNOR OF MARYLAND, DO HEREBY
PROCLAIM the following guidelines for allocating the 1984
Maryland State Ceiling in substitution for the formula set
forth in H.R. 4170:

Section 1. Initial Allocations. The Maryland State Ceiling
applicable to Private Activity Bonds which are subject to
the State Ceiling for the calendar year 1984 shall be
initially allocated as follows:

(a) Allocations to Counties. $316,256,000 of the
Maryland State Ceiling for the calendar year 1984 is