WILLIAM DONALD SCHAEFER, Governor                        Ch. 5

9-1613.

Bonds are securities in which all public officers and public
bodies of the State of Maryland and its political subdivisions
and all banks, trust companies, savings and loan associations,
investment companies and others carrying on a banking business,
all insurance companies and insurance associations and others
carrying on an insurance business, all personal representatives,
executors, administrators, guardians, trustees and other
fiduciaries, and all other persons may legally and properly
invest funds, including capital in their control or belonging to
them. Bonds are securities which may properly and legally be
deposited with and received by a State or municipal officer or
any agency or political subdivision of the State for any purpose
for which the deposit of bonds or other obligations of the State
is now or may hereafter [by] BE authorized by law.

DRAFTER'S NOTE:

Error: Typographical error in § 9-1613 of the
Environment Article.

Occurred: Ch. 535, Acts of 1988.

9-1614.

(a) The bonds shall not be deemed to constitute a debt,
liability, or a pledge of the faith and credit of the State of
Maryland or of any political subdivision thereof other than the
Administration, but such bonds shall be payable solely from the
revenues and funds herein provided therefor. However, this
[sections] SECTION does not limit the ability of a borrower to
set, impose, levy, or collect an assessment, rate, fee, tax or
charge to pay to the Administration any amounts required under a
loan agreement or loan obligation of the borrower.

DRAFTER'S NOTE:

Error: Typographical error in § 9-1614(a) of the
Environment Article.

Occurred: Ch. 535, Acts of 1988.

9-1701.

(e) [(1)] "Recycling" means any process in which materials

that would otherwise become solid waste are collected, separated,

or processed and returned to the marketplace in the form of raw
materials or products.

DRAFTER'S NOTE:

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