Volume 769, Page 1074 View pdf image |
Ch. 246 LAWS OF MARYLAND (II) MAINTAIN THE EXCLUSION FROM GROSS INCOME
(F) THE FINANCIAL OFFICER MAY PREPARE AND FILE FROM TIME TO TIME WITH THE APPROPRIATE AGENCY OF THE UNITED STATES ANY FORMS, INFORMATION, AND REPORTS WITH RESPECT TO THE BONDS AND THE EXPENDITURE AND INVESTMENT OF PROCEEDS THAT MAY BE REQUIRED UNDER THE CODE. (G) THE FINANCIAL OFFICER AND OTHER OFFICERS OF A STATE (1) TAKE ANY OTHER OR FURTHER ACTIONS; (2) ENTER INTO ANY AGREEMENT OR COVENANT REGARDING THE USE OF PROCEEDS, INCLUDING ANY INVESTMENT EARNINGS ON PROCEEDS, THE DEPOSIT OF MONEYS TO THE REBATE FUND AND THE MAKING OF REBATE PAYMENTS; AND (3) PROVIDE CERTIFICATIONS OF FACTS AND ESTIMATES, THAT MAY, BE NECESSARY OR APPROPRIATE FROM TIME TO TIME TO COMPLY WITH THE CODE AND TO ESTABLISH OR MAINTAIN THE EXCLUSION FROM GROSS INCOME FOR FEDERAL INCOME TAX PURPOSES OF INTEREST ON THE BONDS. (H) NOTHING IN THIS SECTION SHALL PREVENT THE STATE UNIT WHICH IS NOT EXCLUDABLE FROM GROSS INCOME FOR FEDERAL INCOME TAX PURPOSES. SECTION 2. AND BE IT FURTHER ENACTED, That this Act is Approved April 29, 1987. - 1074 -
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Volume 769, Page 1074 View pdf image |
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