HARRY HUGHES, Governor

3189

(1)  THE PROJECT IS INCLUDED IN A SERVICE REGION
PLAN ADOPTED AND APPROVED PURSUANT TO SECTION 3-106 OF THIS
TITLE; AND

(2)  THE PROJECT IS CONSISTENT WITH ANY PLAN
WHICH HAS BEEN ADOPTED BY THE SUBDIVISION IN WHICH THE
PROJECT IS TO BE LOCATED AND WHICH HAS BEEN APPROVED BY THE
DEPARTMENT OF HEALTH AND MENTAL HYGIENE PURSUANT TO SECTION
387C OF ARTICLE 43 OF THIS CODE, AS SUCH SECTION MAY BE
AMENDED FROM TIME TO TIME.

6. 3-706.

ALL EXPENSES INCURRED IN CARRYING OUT THE PROVISIONS OF
THIS ARTICLE SUBTITLE SHALL BE PAYABLE SOLELY FROM FUNDS
PROVIDED UNDER THE AUTHORITY OF THIS ARTICLE SUBTITLE AND NO
LIABILITY OR OBLIGATION SHALL BE INCURRED BY THE AUTHORITY
HEREUNDER BEYOND THE EXTENT TO WHICH MONEYS SHALL HAVE BEEN
PROVIDED UNDER THE PROVISIONS OF THIS ARTICLE SUBTITLE.

7. 3-707.

(A)  THE AUTHORITY IS HEREBY AUTHORIZED AND EMPOWERED,
BY RESOLUTION, TO ISSUE BONDS FOR THE PURPOSE OF FINANCING
THE COST OF ONE OR MORE PROJECTS OR FOR ANY OTHER CORPORATE
PURPOSE. EXCEPT AS MAY OTHERWISE BE EXPRESSLY PROVIDED BY
THE AUTHORITY, EVERY ISSUE OF ITS BONDS SHALL BE GENERAL
OBLIGATIONS OF THE AUTHORITY PAYABLE FROM ANY REVENUES OR
MONEYS OF THE AUTHORITY AVAILABLE THEREFOR AND NOT OTHERWISE
PLEDGED, SUBJECT ONLY TO ANY AGREEMENTS WITH HOLDERS OF
PARTICULAR BONDS PLEDGING ANY PARTICULAR REVENUES OR MONEYS
AND TO ANY AGREEMENTS WITH ANY PERSONS OR SUBDIVISIONS. THE
AUTHORITY MAY ISSUE ITS BONDS WITHOUT OBTAINING THE CONSENT
OF ANY BOARD, AGENCY, DEPARTMENT OR UNIT OF THE STATE, AND
WITHOUT ANY OTHER PROCEEDINGS OR THE HAPPENING OF ANY
CONDITIONS OR THINGS OTHER THAN THOSE SPECIFICALLY REQUIRED
HEREUNDER. THE AUTHORITY AND THE MARYLAND ENVIRONMENTAL
SERVICE MAY ENTER INTO AGREEMENTS PROVIDING FOR (I) THE
FINANCING BY THE ISSUANCE OF BONDS OF THE MARYLAND
ENVIRONMENTAL SERVICE OF PROJECTS PROVIDED FOR ANY
SUBDIVISION BY THE AUTHORITY OR (II) THE FINANCING BY THE
ISSUANCE OF BONDS OF THE AUTHORITY OF PROJECTS PROVIDED FOR
ANY SUBDIVISION BY THE MARYLAND ENVIRONMENTAL SERVICE.

(B)  THE AUTHORITY SHALL HAVE ABSOLUTE DISCRETION TO
DETERMINE WITH RESPECT TO THE BONDS OF ANY ISSUE:

(1)  THE DATE OR DATES OF ISSUE;

(2)  THE DATE OR DATES OF MATURITY AND THE AMOUNT
OR AMOUNTS MATURING ON SUCH DATE OR DATES, PROVIDED ONLY
THAT NO BOND OF ANY ISSUE SHALL MATURE LATER THAN 40 YEARS
FROM THE DATE OF ITS ISSUE;

(3)  THE RATE OR RATES OF INTEREST PAYABLE ON
SUCH BONDS AND THE DATE OR DATES OF SUCH PAYMENT;