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Session Laws, 1987
Volume 769, Page 3859   View pdf image
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WILLIAM DONALD SCHAEFER, Governor

deadline for good cause shown.

(b)  Any [nonessential function] PRIVATE ACTIVITY bond
for which the fully executed Information Report
filed or to be filed with the IRS or the Section
[266G] 14-107 Certificate, if applicable, is not
received in accordance with this Section shall be
deemed not to have received an allocation of the
Maryland State Ceiling.

(c)  The Secretary may require earlier filing of the
final or draft Information Report and any other
forms or reports that the Secretary considers
necessary or desirable.

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] 146 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. HOUSING CREDITS. THE LOW-INCOME HOUSING TAX
CREDIT AUTHORITY LIMITATION PURSUANT TO SECTION 252 OF H.R.
3838 IS HEREBY ALLOCATED TO THE DEPARTMENT OF ECONOMIC AND
COMMUNITY DEVELOPMENT. THE SECRETARY IS HEREBY AUTHORIZED

3859

 

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Session Laws, 1987
Volume 769, Page 3859   View pdf image
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