WILLIAM DONALD SCHAEFER, Governor Ch. 513
(4) BANKER'S ACCEPTANCES GUARANTEED BY BANKING

INSTITUTIONS WHICH ARE RATED ABOVE AVERAGE IN A UNIFORM
INVESTMENT GRADING SYSTEM BY A RECOGNIZED RATING SERVICE; OR-----

(4)(5) With respect to bond sale proceeds only, in
bonds, notes, or other obligations of investment grade quality
(as established by a nationally recognized rating agency) issued
by or on behalf of this or any other state or any agency,
department, county, municipal or public corporation, special
district, authority, or political subdivision thereof, or in any
fund or trust that invests only in securities of the type
described in this paragraph; OR

(5) IN BANKERS' ACCEPTANCES GUARANTEED BY BANKING
INSTITUTIONS.

(b) The Treasurer may sell, redeem, or exchange an
investment or reinvestment made under this section.

SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall
take effect June 1, 1988.

Approved May 17, 1988.

CHAPTER 513

(House Bill 1406)

AN ACT concerning

State Bonds - Postponement of Sale

FOR the purpose of authorizing the Board of Public Works to
extend the timing of the sale of State general obligation
bonds without necessity of newspaper republication of the
form of advertisement for the bonds; and generally relating
to notice for the issuance and sale of State general
obligation bonds.

BY repealing and reenacting, with amendments,

Article - State Finance and Procurement

Section 8-123

Annotated Code of Maryland

(1985 Replacement Volume and 1987 Supplement)

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That the Laws of Maryland read as follows:

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