HARRY HUGHES, Governor

39

from the funds herein provided therefor. All such bonds
shall contain on the face thereof a statement to the effect
that neither the State of Maryland nor any political
subdivision thereof other than the Authority shall be
obligated to pay the same or the interest thereon except
from revenues pledged thereto and that neither the faith and
credit nor the taxing power of the State or any political
subdivision thereof is pledged to the payment of the
principal of or the interest on such bonds. The issuance of
bonds under the provisions of this subtitle is not directly
or indirectly or contingently an obligation, moral or other,
of the State of Maryland or any political subdivision
thereof to levy or pledge any form of taxation whatever
therefor or to make any appropriation for their payment.
Nothing contained in this section shall prevent the
Authority from pledging its full faith and credit to the
payment of bonds authorized pursuant to this [article]
SUBTITLE. However, this section does not limit the ability
of the State or a subdivision to set, impose, or collect an
assessment, rate, fee, or charge to pay to the Authority the
cost of a project, including the principal of and interest
on a bond or note, under an agreement between the Authority
and the State or subdivision.

Notwithstanding any limitations or other provisions to
the contrary of Article 23A, 25A, or 25B of the Annotated
Code of Maryland, or of any charter or local law regulating
the creation of public debts, a subdivision may enter into
contracts with the Authority for the purpose of defraying
the Authority's costs of acquiring, constructing, operating,
or providing a project, which costs may include debt service
requirements of the Authority relating to that project.
These contracts are not intended and shall not be deemed to
constitute or create a debt of the subdivision or a pledge
of its faith or credit within the meaning of any of these
limitations or any constitutional or other provisions. Such
a project shall not be deemed to be a capital project of the
subdivision within the meaning of any of these limitations
or other provisions, and a resolution, ordinance, or other
official action authorizing such contracts is not subject to
referendum or other procedure not applicable to all
ordinances or resolutions enacted by the subdivision. For
the purposes of this section, the express powers contained
and enumerated in Articles 23A, 25A, and 25B of the
Annotated Code OF Maryland and in the charter of the City of
Baltimore are deemed to incorporate and include the power
and authority contained in this section.

3-929.

If prior to July 1, 1981, at least two of the following
four counties (Mayor and City Council of Baltimore,
Baltimore County, [Maryland] Anne Arundel County, [Maryland]
and Harford County, [Maryland]) have not filed a resolution
of participation as required by this subtitle then this
subtitle shall become null and void.