Ch. 598

LAWS OF MARYLAND

for that issuer is higher or lower than the estimated amount, he
may reallocate the higher or lower amount or may retain the same
reallocated amount. However, a reduction may not be made if the
issuer has already sold bonds in reliance upon the Secretary's
original allocation.

7. The Secretary is authorized further in
his discretion to reallocate from the Administration to an
eligible local issuer or an eligible State issuer any portion of
the State ceiling not otherwise required to be reallocated to
eligible local issuers pursuant to sub-subparagraph 4.

(iv) Notwithstanding the provisions of any
legislation, charter, or other legal instrument granting the
authority to issue qualified mortgage bonds, any eligible local
issuer is authorized to transfer to the Administration, pursuant
to a resolution, ordinance, or other appropriate legislative
action, the issuer's share of the State ceiling for any calendar
year. That legislative action is irrevocable upon adoption of
enactment in accordance with law. An eligible local issuer may
not transfer its allocation to any other jurisdiction.

(v) It is the intention of the General Assembly
that any allocation of the State ceiling for calendar year 1981
be effected by the Governor according to § 103A(g)(6)(b) of the
Code.]

[14-107.

(a) Within 60 days after the date of closing of any bonds
issued under this subtitle, the issuing public body shall file or
cause to be filed with the Secretary of Economic and Community
Development a written statement setting forth, for information
purposes only:

(1) The name and address of the issuing public body;

(2) The name and address of each facility applicant
and each facility user;

(3) The aggregate principal amount of the bonds and
the maximum maturity of the bonds; and

(4) A brief description of the facility or facilities
to be financed by the bonds.

(b) Failure to file the written statement referred to in
this section shall not in any way affect the validity of any
bonds issued under this subtitle.]

SECTION 3. AND BE IT FURTHER ENACTED, That in the event
that the Department of Economic and Community Development is
reorganized by action of the General Assembly into a Department

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