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2017 Maryland Code
State Government
Title 2 - General Assembly
Subtitle 10 - Spending Affordability
§ 2-1010. Private activity bonds -- Definitions; reports of State issuer
Universal Citation: MD State Govt Code § 2-1010 (2017)
- (a) Definitions. --
- (1) In this section the following words have the meanings indicated.
- (2) "Internal Revenue Code" means Title 26 of the United States Code.
- (3) "Private activity bond" has the meaning stated in § 141 of the Internal Revenue Code.
- (4) "State issuer" means the State of Maryland or any agency of the State of Maryland with authority to issue private activity bonds.
- (b) Reports of State issuer. -- On or before January 15 of each year, any State issuer of private activity bonds shall report, subject to § 2-1246 of this title, to the Committee:
- (1) the actual level of private activity bonds issued in the prior year; and
- (2) the projected level of private activity bonds to be issued in the current year.
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