VETOES

AN ANALYSIS OF THE DEBT SERVICE SHOWING THE BENEFITS OF THE
PROPOSED BOND ISSUE.

(III) THE LEGISLATIVE POLICY COMMITTEE SHALL
REVIEW THE PROPOSED STATE BOND ISSUE WITHIN 45 DAYS OF THE
RECEIPT OF THE PROPOSAL.

(IV) IF THE LEGISLATIVE POLICY COMMITTEE

APPROVES THE PROPOSED STATE BOND ISSUE, THE BOARD MAY ISSUE THE

BONDS HAVE 45 DAYS TO REVIEW THE PROPOSED STATE BOND ISSUE AND

SUBMIT COMMENTS, IF ANY, TO THE BOARD.----------------------------------------

(2) WHERE THE ANTICIPATED DEBT SERVICE IN THE FIRST 5
YEARS IN AGGREGATE FROM THE DATE OF ISSUE FOR A PROPOSED
NONCONVENTIONALLY STRUCTURED BOND ISSUE IS MORE THAN THAT FOR A
CONVENTIONALLY STRUCTURED BOND ISSUE FOR THE SAME 5-YEAR PERIOD,
THE BOARD MAY APPROVE THE BOND ISSUANCE.

Article - Transportation

3-203.

(a) The resolution authorizing the issuance of consolidated
transportation bonds shall:

(1)  Describe generally the transportation facilities
the cost of which is proposed to be financed by the sale of
bonds;

(2)  State the estimated cost of financing these
facilities; and

(3)  Determine and specify:

(i) The date or dates of issue;

(ii) The date or dates and amount or amounts of
maturities[, which need not be in equal principal amounts or
consecutive annual installments];

(iii) The rate or rates of interest payable on
the bonds, or the manner of determining the rate or rates of
interest, and the date or dates of payment of interest;

(iv) The tenor, form or forms, denomination or
denominations, manner of execution, and place or places of
payment of the principal of and interest on the bonds, which may
be at any bank or trust company within or without this State;

(v) Whether the bonds are to be issued in
coupon or registered form or both and whether provision is to be
made for the registration of the principal only of coupon bonds,
for the reconversion of fully registered bonds into coupon form,

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