WILLIAM DONALD SCHAEFER, Governor                        Ch. 6

DRAFTER'S NOTE:

Error: Obsolete terminology in Article 41B, § 2-203,

in subsections (f), (i), and (w), and erroneous

cross-references in subsections (j)(2) and (4) and
(v).

Occurred: Chapters 311 and 632, Acts of 1987.

2-204.

The Administration shall have the following functions and
responsibilities:

(16) (ii) In the case of the purchase of local
obligations, the procedures and requirements for the issuance or
sale of such local obligations shall apply, except that,
notwithstanding any other provision of public general or public
local law, charter, or ordinance, any issuer of local obligations
may sell local obligations to finance infrastructure projects to
the Administration:

1.  At private or public sale, with or
without public bidding;

2.  Without regard to any limitations on
the denomination of such obligations; and

3.  At any interest rate or cost or at any
price that the issuer considers necessary or desirable. The
issuer, of the local obligations may pay any fees or charges
necessary to enable the Administration to sell its bonds, notes,
or other obligations or to provide the financial assistance
authorized by this subsection [(15)], including any fees for the
insurance of local obligations or of notes, bonds, or obligations
of the Administration, or to provide any other guarantee, credit
enhancement, or additional security for any such obligations.

DRAFTER'S NOTE:

Error: Erroneous internal reference in Article 41B, §
2-204(16)(ii)3.

Occurred: Ch. 311, Acts of 1987.

2-302.

(o) (2) Except as provided in[,] §§ 2-304, 2-307, 2-308,
and 2-309 of this subtitle, applicable codes and standards shall
be those in force in the political subdivision where the building
is located. If the political subdivision lacks codes and
standards deemed sufficient by the Secretary to promote the
[objects] OBJECTIVES of this section, the Department may by

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