EXECUTIVE ORDERS

helping to accommodate the economic
development efforts of such Local Issuers,
and

(F) any other factor the Secretary considers
relevant.

Additional Allocations to Municipal

Corporations. The Secretary may at any time
allocate out of the Remaining Allocation
amounts not to exceed $25,000,000 in the
aggregate to any or all of the municipal
corporations subject to the provisions of
Article XI-E of the Maryland Constitution (a
"Municipal Corporation"). Any allocation made
by the Secretary pursuant to this Section
1(c)(2) shall remain effective so long as the
respective Private Activity Bonds for which
such allocations are made are issued and sold
within 60 calendar days from the date of such
allocation, except that, for good cause shown,
the Secretary may extend the expiration date of
any allocation. The Secretary may make
allocations to Municipal Corporations in such
order as the Secretary in his sole discretion
may determine, after receipt of a written
request from a Municipal Corporation to make
such allocation. Any such request shall
include evidence that the Municipal Corporation
has complied with the requirements for public
notice, public hearing, and public approval set
forth in the Tax Equity and Fiscal
Responsibility Act of 1982, a copy of a letter
from bond counsel for any proposed issue of
Private Activity Bonds stating that the
proposed bonds are Private Activity Bonds for
which an additional allocation is necessary in
order to issue such bonds in calendar year 1984
and any other information that the Secretary
may require. The Secretary may use any or all
of the following criteria as a basis for such
allocations:

(A) the dollar volume of Private Activity Bonds
issued by such Municipal Corporation from
January 1, 1984 through and including the
date of this Proclamation as well as during
previous calendar years,

(B) geographic distribution of the Maryland
State Ceiling throughout the State of
Maryland,

(C) the extent of economic impact on the State
and the Municipal Corporation produced by