|
WILLIAM DONALD SCHAEFER, Governor
|
Dorchester
|
274,121
|
54,731
|
|
Frederick
|
1,154,775
|
322,318
|
|
Garrett
|
243,155
|
27,700
|
|
Harford
|
1,383,365
|
401,715
|
|
Howard
|
1,285,915
|
1,177,912
|
|
Kent
|
153,000
|
16,894
|
|
Montgomery
|
5,859,476
|
448,135
|
|
Prince George's
|
6,175,496
|
1,477,555
|
|
Queen Anne's
|
260,462
|
50,807
|
|
St. Mary's
|
591,046
|
116,072
|
|
Somerset
|
173,032
|
63,108
|
|
Talbot
|
245,888
|
4,626
|
|
Washington
|
1,027,273
|
178,155
|
|
Wicomico
|
618,373
|
40,480
|
|
Worcester
|
314,192
|
106,158
|
|
TOTAL
|
40,000,000
|
10,208,750
|
(4) Any County may redesignate any portion of its
Housing Bond allocation for the issuance of any other bonds for
which an allocation is required under the Tax Reform Act if such
redesignation is approved by the Mayor, County Executive or Board
of County Commissioners.
(5) Any transfer by a County of any portion of its
Housing Bond allocation under this Proclamation shall be
conditioned upon its use by the transferee for Housing Bonds.
(6) No portion of the allocation to each County for
other than Housing Bonds may be used for the issuance of Housing
Bonds.
(b) Municipal Corporations.
(1) The Secretary shall initially allocate two and
one-half percent of the Maryland State Ceiling to any or all of
those Local Issuers which are municipal corporations subject to
the provisions of Article XI-E of the Maryland Constitution (a
"Municipal Corporation") for the issuance of any bond for which
an allocation is required under the Tax Reform Act.
(2) The Secretary shall process requests for
allocations to Municipal Corporations on a first come, first
served basis, after receipt of a written request from a Municipal
Corporation to make such allocation.
(3) Any such request shall include evidence that the
Municipal Corporation has complied with the requirements for
public notice, public hearing, and public approval set forth in
Section 147(f) of the Code, a copy of a letter from bond counsel
for any proposed issue of Private Activity Bonds stating that the
proposed bonds would be Private Activity Bonds for which an
allocation would be necessary in order to issue such Bonds, and
3883
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