Ch. 598

LAWS OF MARYLAND

THEIR EFFORTS TO THE ISSUER OR TO THE SECRETARY THAT THE ISSUER
OR THE SECRETARY MAY REQUEST.

(C) (1) ANY FAILURE TO COMPLY WITH THE PROVISIONS OF THIS
SUBTITLE DOES NOT IN ANY WAY AFFECT THE VALIDITY OF ANY BONDS
ISSUED PURSUANT TO AN ALLOCATION FROM THE MARYLAND STATE CEILING
UNDER THIS SUBTITLE OR THE TAX-EXEMPT STATUS OF ANY SUCH BONDS
UNDER THE CODE, INCLUDING THE TAX-EXEMPT STATUS OF INTEREST ON
SUCH BONDS UNDER THE CODE.

(2) ANY FAILURE TO COMPLY WITH THE PROVISIONS OF THIS
SUBTITLE MAY BE TAKEN INTO CONSIDERATION BY THE SECRETARY IN
MAKING ALLOCATIONS FROM THE SECRETARY'S RESERVE UNDER §§
13-802(4) AND 13-805(D) OF THIS SUBTITLE.

13-807.

(A)  (1) THE SECRETARY MAY MAKE ANY AND ALL ALLOCATIONS,
APPORTIONMENTS, DETERMINATIONS, AND FINDINGS REQUIRED OR
PERMITTED BY THIS SUBTITLE.

(2) ANY ALLOCATIONS, APPORTIONMENTS, DETERMINATIONS,
AND FINDINGS OF THE SECRETARY SHALL BE MADE IN THE SECRETARY'S
SOLE AND ABSOLUTE DISCRETION, SUBJECT TO THE PROVISIONS OF THIS
SUBTITLE, SHALL BE CONCLUSIVE, AND ARE NOT SUBJECT TO REVIEW OR
APPROVAL UNDER EITHER THE MARYLAND ADMINISTRATIVE PROCEDURE ACT
OR ANY OTHER LAW OF THE STATE OF MARYLAND OR BY ANY AGENCY OR
POLITICAL SUBDIVISION OF THE STATE OF MARYLAND.

(B)  AT THE REQUEST OF ANY ISSUER OR ITS BOND COUNSEL MADE
IN CONNECTION WITH THE ISSUANCE OF ANY BONDS, AND IN ORDER TO
SHOW COMPLIANCE WITH THE REQUIREMENTS OF THE CODE, THE SECRETARY
OR SUCH PERSON AS THE SECRETARY SHALL DESIGNATE BY WRITTEN ORDER
MAY ISSUE SUCH CERTIFICATIONS AS MAY BE REASONABLY REQUIRED IN
ORDER TO ESTABLISH THE EXISTENCE OF A VALID ALLOCATION FOR THE
PROPOSED BOND ISSUANCE AND TO ESTABLISH THAT THE MARYLAND STATE
CEILING HAS NOT BEEN EXCEEDED. , AND THE SECRETARY OR SUCH PERSON
DESIGNATED BY THE SECRETARY IN ACCORDANCE WITH THIS SUBSECTION
SHALL BE THE STATE OFFICIAL DESIGNATED BY STATE LAW FOR THE
PURPOSE OF CERTIFYING IN CONNECTION WITH THE INFORMATION REPORT
REQUIRED BY SECTION 149 OF THE CODE THAT THE BONDS INCLUDED IN AN
ISSUE MEET THE REQUIREMENTS OF SECTION 146 OF THE CODE.

(C)  THE ACTUAL DOLLAR AMOUNT OF ALL ALLOCATIONS SHALL BE
DETERMINED BY THE SECRETARY. ALLOCATIONS TO ISSUERS OF THE
MARYLAND STATE CEILING UNDER § 13-802 OF THIS SUBTITLE SHALL BE
BASED ON THE MOST RECENT CENSUS ESTIMATE OF THE RESIDENT
POPULATIONS OF THE STATE OF MARYLAND AND THE COUNTIES RELEASED BY
THE U.S. BUREAU OF THE CENSUS BEFORE JANUARY 1 OF THE YEAR IN
WHICH THE ALLOCATIONS ARE MADE, AS DETERMINED BY THE SECRETARY.

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