WILLIAM DONALD SCHAEFER, Governor

Secretary pursuant to this Section 2(b) shall
remain effective so long as the respective
nonessential function bonds for which such
reservation is made are issued within 60
calendar days from the date of such
reservation, except that, for good cause shown,
the Secretary may extend the expiration date of
any reservation. Upon issuance of such
nonessential function bonds within the 60
calendar day period or any extension made by
the Secretary, the reservation automatically
converts to any allocation pursuant to this
Proclamation. However, no such reservation
under this subsection shall be effective after
September 30, 1986.

(c) State Issuers and Amendment of State Bond
Proclamation. A portion of the Maryland State
Ceiling is hereby initially allocated to the State
to be apportioned among State Issuers as follows:

(1)  The State Bond Proclamation is hereby amended
as follows: (A) the allocation of $30,000,000
to the Board of Public Works is hereby reduced
to $10,000,000; (B) the remaining allocation of
$10,000,000 is hereby allocated to the Board of
Public Works, and may be transferred at any
time to the Secretary by action of the
Governor; and (C) the allocation formula set
forth in H.R. 3838 and adopted by the State
Bond Proclamation is modified by this
Proclamation. In all other respects the State
Bond Proclamation is hereby confirmed.

(2)  The remainder of that portion of the Maryland
State Ceiling set aside for housing bonds
pursuant to H.R. 3838 and not previously
allocated to the Counties is allocated to the
Community Development Administration, a
division of the State Department of Economic
and Community Development, for the issuance of
housing bonds.

(3)  A portion of the Maryland State Ceiling equal
to $17.50 multiplied by the State's population
is allocated to Maryland Health and Higher
Educational Facilities Authority for the
issuance of qualified 501(c)(3) bonds (as
defined in H.R. 3838, and referred to as
"501(c)(3) bonds").

(4)  A portion of the Maryland State Ceiling equal
to $13,000,000 is hereby allocated to the

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