5228

COUNTY LOCAL LAWS

A.    THE DIRECTOR OF FINANCE OF HOWARD COUNTY IS
HEREBY AUTHORIZED AND DIRECTED, FROM TIME TO TIME AS HE
MAY IN HIS JUDGEMENT DEEM NECESSARY OR DESIRABLE FOR THE
CONVENIENCE OF THE PUBLIC, TO APPOINT BANKS, TRUST
COMPANIES AND OTHER FINANCIAL INSTITUTIONS TO ACT AS
AGENTS OF THE DIRECTOR FINANCE IN THE COLLECTION OF STATE
AND COUNTY TAXES, METROPOLITAN DISTRICT TAXES AND
ASSESSMENTS, WATER AND SEWER USER CHARGES, AND OF ANY
FEES AND CHARGES PAYABLE WITH TAX BILLS OR WATER AND
SEWER BILLS, PROVIDED THAT THE FINANCIAL INSTITUTIONS
HEREINABOVE MENTIONED ARE CHARTERED BY THE UNITED STATES
OF AMERICA OR THE STATE OF MARYLAND AND HAVE AUTHORITY
UNDER THEIR CHARTERS TO RECEIVE AND HOLD HONEY ON
DEPOSIT.

B.    THE DIRECTOR OF FINANCE IS FURTHER AUTHORIZED
AND DIRECTED TO PROVIDED AND ESTABLISH SUCH FORMS OF
RECEIPTS, BLANKS FOR DAILY REPORTS AND OTHER MATERIAL AS
HE MAY DEEM NECESSARY IN THE EXECUTION OF THIS SECTION.

C.    HOWARD COUNTY BILLS RECEIPTED BY ANY FINANCIAL
INSTITUTION SO APPOINTED SHALL HAVE THE SAME FORCE AND
EFFECT AS IF THE SAME WERE RECEIPTED BY THE DIRECTOR OF
FINANCE.

SECTION 2. AND BE IT FURTHER ENACTED BY THE COUNTY
COUNCIL OF HOWARD COUNTY, MARYLAND, that this Act shall
take effect sixty (60) days from the date of enactment.

Approved November 9, 1974

Council Bill No. 56

AN ACT to create a new subtitle 5 to Title 20 of the
Howard County Code entitled "County—wide Revolving
Loan Fund," establishing a revolving loan fund for
the purpose of making loans available to owners of
improved properties within Howard County, which
improvements are located in the 100 year ultimate
development flood plain plus two (2) feet as defined
by Council Resolution 88—1972; providing that the
loans shall only be available to property owners
having a minimum of $25,000.00 of flood insurance;
providing a maximum loan per improved property in
the amount of $6,000.00 to be amortized by the
property owner over a period not to exceed 20 years,
with an interest rate to be established in relation
to County bond sale interest cost and to limit the
purpose solely for flood proofing dwelling units in