VETOES

(2) THE GOVERNOR SHALL NOTIFY THE STATE UNIT OF ANY
CHANGE TO ITS ALLOCATION AND SHALL PUBLISH THE CHANGES IN THE
MARYLAND REGISTER.

(H) A STATE UNIT THAT DOES NOT USE ITS TOTAL ALLOCATION
DURING A FISCAL YEAR MAY NOT USE THE REMAINING PORTION IN ANY
SUCCEEDING FISCAL YEAR.

8-212.2.

(A)  A STATE UNIT OR AN INDEPENDENT AUTHORITY SHALL PROVIDE
NOTICE TO THE BOARD, THE DEPARTMENT, AND THE DEPARTMENT OF FISCAL
SERVICES AT LEAST 15 DAYS PRIOR TO AN INDEBTEDNESS.

(B)  THE BOARD MAY REQUIRE A STATE UNIT TO OBTAIN APPROVAL
FROM THE BOARD FOR EACH INDEBTEDNESS IN ACCORDANCE WITH THE STATE
UNIT DEBT ALLOCATION.

(C)  AT THE END OF EACH FISCAL YEAR, THE DEPARTMENT SHALL
REPORT TO THE GENERAL ASSEMBLY, IN ACCORDANCE WITH § 2-1312 OF
THE STATE GOVERNMENT ARTICLE, AND TO THE DEPARTMENT OF FISCAL
SERVICES ON THE LEVEL OF THE INDEBTEDNESS FOR THE PRECEDING
FISCAL YEAR OF ALL STATE UNITS AND INDEPENDENT AUTHORITIES.

8-212.3.

(A)  (1) THE BOARD MAY DIRECT THAT ANY FINANCIAL SERVICES
AND NONLEGAL TECHNICAL ASSISTANCE REQUIRED IN CONNECTION WITH THE
ISSUANCE OF STATE UNIT DEBT BE PROCURED BY THE STATE TREASURER.

(2) THE FEES FOR THESE SERVICES SHALL BE PAID FROM
THE PROCEEDS OF THE INDEBTEDNESS OR OTHER FUNDS AS PROVIDED IN
THE BUDGET FOR THAT STATE UNIT.

(B)  UPON THE REQUEST OF A STATE UNIT, THE TREASURER MAY
ISSUE STATE UNIT DEBT ON THAT STATE UNIT'S BEHALF.

(H) (C) THE BOARD MAY ADOPT REGULATIONS TO IMPLEMENT THIS
SECTION SECTIONS 8-212 THROUGH 8-212.3 OF THIS SUBTITLE.

SECTION 2. AND BE IT FURTHER ENACTED, That the reporting
requirements imposed on the units under this Act shall be in
addition to, and not in substitution of, any other requirements
under the Laws of Maryland.

SECTION 3. AND BE IT FURTHER ENACTED, That this Act shall
take effect June 1, 1989.

- 4618 -