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Session Laws, 1987
Volume 769, Page 3830   View pdf image
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EXECUTIVE ORDERS

Section 10. Certifications by Secretary.

(a)  In order to show compliance with H.R. 3838 and at
the request of an issuer or its bond counsel made in
connection with the issuance of any bonds requiring
an allocation by such Issuer, the Secretary may
certify to the best of his knowledge, information
and belief as of the date of such certification the
following:

(1)  the allocation to such Issuer of a portion of
the Maryland State Ceiling for such bond
issuance;

(2)  the continuing effect of such allocation;

(3)  the fact that the total allocations have been
made in accordance with Section 145 of H.R.
3838.

(4)  any other similar or related matters that may
reasonably be requested by such Issuer or its
bond counsel 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.

(b)  In addition, upon the request of an Issuer, the
Secretary may certify that an allocation made by the
Secretary hereunder was not made in consideration of
any bribe, gift, gratuity, or direct or indirect
contribution to any political campaign.

Section 11. Severability. If any provision of this
Proclamation or the application of it to any person or
circumstance is held invalid for any reason in a court of
competent jurisdiction, the invalidity does not affect other
provisions or any other application of this Proclamation
which can be given effect without the invalid provision or
application, - and for this purpose the provisions of this
Proclamation are declared severable.

Section 12. Effective Date. This Proclamation shall take
effect as of the date it is executed, and except as may
subsequently be amended, shall remain in effect until the
earlier of (i) the effective date of any legislation enacted
by the General Assembly with respect to the allocation of
the Maryland State Ceiling or (ii) such date provided in
H.R. 3838, currently January 1, 1987.

3830

 

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Session Laws, 1987
Volume 769, Page 3830   View pdf image
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