4176

EXECUTIVE ORDERS

statement is required to be filed and in all other cases,
within 60 days after the date of each such bond issue.
Failure to file the written statement or the Internal
Revenue Form 8038 shall not in any way affect the validity
of . any bonds issued after the date of this Proclamation.
The obligation of a Maryland Governmental Unit to make
filings under this Section 9 shall survive the expiration of
this Proclamation as set forth in Section 12 below.

Section 10. Certifications by Secretary.

(a)  At the request of any Maryland Governmental Unit
made in connection with the issuance of any Private
Activity Bonds by such Unit, the Secretary may
certify as of the date of such certification the
following:

(1)  the allocation to such Maryland Governmental
Unit (or to the County within whose boundaries
such Maryland Governmental Unit is .located) of
a portion of the Maryland State Ceiling for
such issuance of Private Activity Bonds,

(2)  the continuing effect of such allocation,

(3)  the fact that the total allocations made
pursuant to this Proclamation do not exceed the
Maryland State Ceiling, and

(4)  any other similar or related matters that may
reasonably be requested by such Maryland
Governmental Unit or its bond counsel in order
to establish the existence of a valid
allocation for the proposed issuance of Private
Activity Bonds and to establish that the
Maryland State Ceiling has not been exceeded.
The Secretary shall keep records of all
allocations made by him and of all other
matters that he deems necessary.

(b)  In addition (if required by H.R. 4170), upon the
request of the issuer of any Private Activity Bonds
which are subject to the State Ceiling, the
Secretary shall certify, prior to the issuance of
any Private . Activity Bond allocated any portion of
the State Ceiling, that the allocation was not made
in consideration of any bribe, gift, gratuity, or
direct or indirect contribution to any political
campaign.

Section 11. Severability. If any provision of this
Proclamation or the application of it to any person or
circumstance is held invalid for any reason in a court of
competent jurisdiction, the invalidity does not affect other
provisions or any other application of this Proclamation