HARRY HUGHES, Governor

743

The reference to a "unit of the State government" is
substituted for the former phrase "State agency,
including all executive departments", to conform to
provisions elsewhere in this article; see the General
Revisor's Note to this article. The specific
reference to the University of Maryland is retained,
to avoid any suggestion that the revision has altered
the applicability of this section to the University.
However, the Commission to Revise the Annotated Code
emphasizes that the absence of a specific reference to
the University in another provision that relates to
units of the State government does not mean,
necessarily, that the provision is inapplicable to the
University.

Also, the former phrase "for the duration of the
project" is deleted as unnecessary in light of the
requirement for annual reports.

Defined terms: "Includes";"including" § 1-101

2-106. REPORTS ON ANTICIPATED DEBT.

(A)  DEFINITIONS.

(1)  IN THIS SECTION THE FOLLOWING WORDS HAVE THE
MEANINGS INDICATED.

(2)  "BOND" MEANS ANY EVIDENCE OF DEBT.

(3)  "OFFICIAL" INCLUDES:

(I)  A COMPTROLLER;

(II)  A CHIEF FINANCIAL OFFICER; AND

(III)  A TREASURER.

(4)  "PUBLIC BODY" MEANS:

(I)  A UNIT OF THE STATE GOVERNMENT; OR

(II)  A COUNTY, MUNICIPAL CORPORATION, PUBLIC
CORPORATION, SPECIAL AUTHORITY, OR OTHER POLITICAL SUBDIVISION OF
THE STATE.

(B)  REPORTS REQUIRED.

IF A PUBLIC BODY IS AUTHORIZED TO INCUR DEBT TO BE REDEEMED
FROM THE PROCEEDS OF ANY TAX OR LEVY, AN AUTHORIZED OFFICIAL OF
THE PUBLIC BODY SHALL SUBMIT TO THE STATE TREASURER:

(1) ON OR BEFORE JANUARY 1 OF EACH YEAR, A REPORT ON
BONDS ANTICIPATED TO BE ISSUED DURING THE NEXT 7-MONTH PERIOD;
AND