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Session Laws, 1988
Volume 770, Page 5510   View pdf image
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EXECUTIVE ORDERS

Baltimore

6,128,138

1,247,029

Calvert

372,476

121,987

Caroline

216,751

16,523

Carroll

979,915

85,092

Cecil

601,981

28,398

Charles

768,640

382,003

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

(D)  [(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.

(E)  [(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.

(F)  [(6)] No portion of the allocation to each
County for other than Housing Bonds may be used for the
issuance of Housing Bonds.

(2) [(b)] Municipal Corporations.

(A)  [(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.

(B)  [(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.

- 5510 -

 

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Session Laws, 1988
Volume 770, Page 5510   View pdf image
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