4098

COUNTY LOCAL LAWS

the Harford County Code, as amended, and to add new
Subsection (f) to this section; to provide for repealing an
annual limitation on real property tax credits for the
installation of solar energy heating and cooling equipment
used for heating or cooling buildings or other structures
and to provide for a one time tax credit for the
installation of a solar energy unit.

Approved July 1, 1980.

Bill No. 80-34 (as amended)

AN EMERGENCY ACT authorizing and empowering Harford
County, Maryland, to issue and sell its industrial
development revenue bonds, to be designated "Harford County,
Maryland Industrial Development Revenue Bonds (Bel Air
Convalescent Center, Inc. - BEL CENTER LIMITED PARTNERSHIP
Project)", in a principal amount not to exceed Eight Hundred
Thousand Dollars ($800,000) pursuant to the provisions of
Section 266(A) to 266(I), inclusive of Article 41 of the
Annotated Code of Maryland (1971 Replacement Volume 1979
Cumulative Supplement), as amended, for the sole and
exclusive purpose of financing the acquisition of an
industrial building in Harford County, Maryland, as provided
in this Ordinance; making certain legislative findings among
others, concerning the public benefit and purpose of such
industrial development revenue bonds; providing that such
industrial development revenue bonds (a) shall be payable
solely and only from (i) revenue derived from payments by

Bel Air Convalescent Center, Inc. BEL CENTER LIMITED

PARTNERSHIP to Harford County, Maryland, on account of such
loan, (ii) any and all monies realized from the sale of the
collateral as described herein and (iii) any and all monies
received under the guaranty agreements hereinafter
mentioned, and (b) shall not constitute, within the meaning
of any constitutional or Charter provision or otherwise, (i)
indebtedness of Harford County, Maryland or of any other
political subdivision, (ii) a charge against the general
credit or taxing powers of Harford County, Maryland; or
(iii) a capital project under the Charter or local laws of
Harford County, Maryland, or laws of the State of Maryland;
authorizing the private (negotiated) sale of such industrial
development revenue bonds; prescribing certain details
pertaining to such industrial development revenue bonds,
including (without limitation) (a) the amount, date and
maturity of such industrial development revenue bonds, (b)
the interest rate to be paid on such industrial development
revenue bonds, (c) the prepayment provisions, if any,
relating to such industrial development revenue bonds, (d)
the form and tenor of such industrial development revenue
bonds and (e) the terms, conditions and security for such
industrial development revenue bonds; and providing for
approval by resolution of the Harford County Council of the
form and contents and authorizing the execution and delivery
of the various documents necessary or appropriate to