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Unannotated Code of Maryland (Last Updated: May 16, 2014) |
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LOCAL GOVERNMENT |
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DIVISION IV. LOCAL FINANCE |
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TITLE 19. PUBLIC DEBT |
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SUBTITLE 2. PUBLIC SECURITIES |
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PART V. BOND PROCEEDS MANAGEMENT |
§ 19-227. Definitions
Latest version.
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(a) In general. -- In this part the following words have the meanings indicated.
** REVISOR'S NOTE
This subsection formerly was Art. 31, § 31(a)(1).
** REVISOR'S NOTE
The only changes are in style.
(b) Chief executive officer. -- "Chief executive officer" means the county executive, mayor, president, chairman, or similar official of a governmental entity.
** REVISOR'S NOTE
This subsection is new language derived without substantive change from former Art. 31, § 31(a)(3).
(c) Financial officer. -- "Financial officer" means the controller, the director of finance, or similar official of a governmental entity.
** REVISOR'S NOTE
This subsection is new language derived without substantive change from former Art. 31, § 31(a)(5).
(d) Internal Revenue Code. -- "Internal Revenue Code" means the Internal Revenue Code of 1986 and includes regulations and rulings issued under that Code.
** REVISOR'S NOTE
This subsection is new language derived without substantive change from former Art. 31, § 31(a)(4).
(e) Proceeds. --
(1) "Proceeds" means money received from the sale of bonds.
(2) "Proceeds" includes any money deemed to be proceeds of bonds under the Internal Revenue Code.
** REVISOR'S NOTE
This subsection formerly was Art. 31, § 31(a)(7).
** REVISOR'S NOTE
The only changes are in style.
** DEFINED TERMS:
"Bond" § 19-201
** DEFINED TERMS:
"Internal Revenue Code" § 19-227