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EXECUTIVE ORDERS

Activity Bonds. The Secretary may extend or waive this deadline
for good cause shown.

(b)  Any Private Activity Bond for which the fully
executed Form 8038 filed or to be filed with the IRS or the
Section 266G Certificate is not received in accordance with this
Section shall be deemed not to have received an allocation of the
Maryland State Ceiling.

(c)  The Secretary may require earlier filing of the
final or draft IRS Form 8038 and any other forms or reports that
the Secretary considers necessary or desirable.

Section 11. Certifications by Secretary.

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

(1)  the allocation to such Issuer 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 Issuer 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.

(b)  In addition, upon the request of the Issuer of
any Private Activity Bonds which are subject to the Maryland
State Ceiling, the Secretary may certify for the issuance of any
Private Activity Bond allocated any portion of the Maryland State
Ceiling by the Secretary that the allocation made by the
Secretary was not made in consideration of any bribe, gift,
gratuity, or direct or indirect contribution to any political
campaign.

Section 12. 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 which
can be given effect without the invalid provision or application,
and for this purpose the provisions of this Proclamation are
declared severable.

Section 13. Effective Date. This Proclamation shall take