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MARVIN MANDEL, Governor 179
NEW AGENCY OR UNIT.
(B) COSTS AND EXPENSES.
THE COSTS AND EXPENSES INCURRED IN CONNECTION WITH
ANY ACT PERFORMED UNDER THIS SECTION SHALL BE A CHARGE
THE RESPONSIBILITY OF THE POLITICAL SUBDIVISION.
REVISOR'S NOTE: This section presently appears as
Art. 1A, §7-701(e).
In subsection (a) of this section, item (4) is
broadened to cover all of the powers listed;
consequently, the present phrase permitting
delegation of the specific power to establish
fees or charges to an agency "having
jurisdiction to establish fees or charges" is
deleted as unnecessary. If such an agency
does not exist already, there appears to be no
reason not to permit a new agency to be
created for this purpose.
In subsection (a) (3) of this section, the term
"rentals" is added for clarity and to conform
to the similar reference in §5—408(b) of this
subtitle.
The only other changes are in style.
As to subsection (b) of this section, the
Commission is unsure of what exactly is meant
by the phrase "a charge of the political
subdivision"; clarification might be
appropriate.
5-419. BOND FINANCING.
(A) POWER TO ISSUE.
ANY POLITICAL SUBDIVISION THAI HAS GENERAL TAXING
POWER IN ITS JURISDICTION MAY:
(1) ISSUE ITS BONDS IN THE AMOUNTS, AT THE
RATES OF INTEREST, AND WITH THE SERIAL MATURITIES THAT
THE GOVERNING BODY OF THE POLITICAL SUBDIVISION
DETERMINES BY RESOLUTION, ORDER, OR ORDINANCE; AND
(2) USE THE PROCEEDS FROM THE SALE OF THE
BONDS TO ACQUIRE SITES AND CONSTRUCT, ENLARGE, ALTER, OR
IMPROVE AIRPORTS, AIRPORT FACILITIES, AND AIR NAVIGATION
FACILITIES,
(B) BONDS TO BE SECURED BY FULL FAITH AND CREDIT OF
POLITICAL SUBDIVISION; MAXIMUM AMOUNT OF BONDS.
(1) THE PRINCIPAL OF AND INTEREST ON THE
BONDS ISSUED BY A POLITICAL SUBDIVISION UNDER THIS
SECTION SHALL BE SECURED BY THE FOIL FAITH AND CREDIT OF
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