Ch. 485

LAWS OF MARYLAND

control of [Johnson grass or thistle,] A NOXIOUS WEED, and if all
the terms and conditions of the agreement are met, there is no
violation of this subtitle as to the land covered by the
agreement.

SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall
take effect July 1, 1987.

Approved May 14, 1987.

CHAPTER 485

(House Bill 598)

AN ACT concerning

Local Government Bonds - Proceed Management

FOR the purpose of reaffirming and particularizing the authority
of the finance officer of certain local public bodies to
take certain actions with respect to the administration,
management, investment and accounting of the proceeds of
bonds issued by those public bodies and to maintain certain
records and make certain filings, including maintenance of a
separate rebate fund from which to make any required rebate
payments to the United States; providing that amounts
deposited to the rebate fund shall be used only for the
purpose of making rebate payments and that no appropriation
will be required prior to payment of any rebates from the
rebate fund; providing that nothing in this Section shall
prevent the governing body of the public body from
authorizing the issuance and sale of bonds the interest on
which is not excludable from gross income for federal income
tax purposes; defining terms; and making this Act an
emergency measure.

BY adding to

Article 31 - Debt - Public

Section 31 to be under the new subtitle "Bond Proceed

Management"
Annotated Code of Maryland
(1986 Replacement Volume)

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That the Laws of Maryland read as follows:

Article 31 - Debt - Public

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