EXECUTIVE ORDERS

Projects and the provision of services and supplies with
such proceeds. Issuers shall monitor compliance with this
requirement by recipients of bond proceeds.

(2)  [(b)] The Secretary may provide guidance in
connection with the efforts of such recipients to use
Minority Business Enterprises; such recipients shall provide
any information on their efforts to the Issuer or to the
Secretary that the Issuer or the Secretary requests.

(3)  [(c)] Any failure to comply with the provisions of
this Section G.[7] shall not in any way affect the validity
of any Private Activity Bonds issued pursuant to an
allocation of the Maryland State Ceiling under this
Proclamation or the tax-exempt status of any such Private
Activity Bonds, including the tax-exempt status of interest
on such Private Activity Bonds. However, notwithstanding
any other provisions of this Proclamation, any such failure
may be taken into consideration by the Secretary in
evaluating an Issuer's request for a reallocation.

H. [Section 8.] Transfer of Allocation. Except as
provided in Section D.[4] with respect to the transfer of a
County's allocation to Local Issuers within its boundaries,
an Issuer receiving an allocation pursuant to this
Proclamation may not transfer any portion of its allocation
to any other Issuer except that, notwithstanding any
applicable law, charter, ordinance, or other corporate
document, any Issuer receiving an allocation pursuant to
this Proclamation may transfer any portion of its allocation
to a State Issuer for the issuance of any Private Activity
Bonds. Any State Issuer, with the approval of the
Secretary, may transfer any portion of any allocation
transferred to it, including any allocation transferred for
use as Housing Bonds, to any other Issuer for the issuance
of any Private Activity Bonds; however the Secretary may
place any conditions on such transfer as he deems
appropriate. Any allocation of Housing Bonds transferred to
the Community Development Administration by a Local Issuer
may be transferred to any other Issuer only with the
approval of the Secretary and the Local Issuer that
transferred the allocation to the Community Development
Administration.

I. [Section 9.] Information Report.

(1) [(a)] Unless compliance with Section F(2)(B)(IV)
[of 6(b)(2)(D)] above requires a shorter time period, the
Secretary shall receive a copy of the fully executed
Information Report filed or to be filed with the Internal
Revenue Service ("IRS") and the Section 14-107 Certificate,
if applicable, within 10 business days after the date on
which any Issuer issues Private Activity Bonds. The
Secretary may extend or waive this deadline for good cause

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