860

LAWS OF MARYLAND

Ch. 69

Article 18 - Queen Anne's County

5-6.

The County Commissioners [shall have, and is hereby
given, express power and authority to] MAY borrow [from time
to time, if, and] as needed, such sum or sums of money,
excluding any bonded indebtedness, not to exceed in the
aggregate[, at any time or times, the sum of six hundred
thousand dollars ($600,000.00)] $1,000,000 OUTSTANDING AT
ANY TIME, for the purposes of paying the general operating
expenses or capital improvements of the county or any of its
departments and to pledge the faith and credit of the county
therefor, subject only to the provisions of this section.
Any sum or sums of money so borrowed by the authority of
this section, together with interest thereon, shall be
repaid by any other income belonging to the general funds of
the county or any of its departments or by any funds derived
from special assessments resulting from capital
improvements. The County Commissioners are authorized to
levy taxes and/or special assessments against all assessable
property to repay such sum or sums of money together with
the interest thereon.

SECTION 2. AND BE IT FURTHER ENACTED, That this Act
shall take effect July 1, 1981.

Approved April 14, 1981.

CHAPTER 70

(House Bill 1417)

AN ACT concerning

Washington County - Residential
Mortgage Program

FOR the purpose of granting Washington County the authority
to issue revenue bonds to finance loans for residential
housing.

BY repealing and reenacting, with amendments,

Article 41 - Governor - Executive and Administrative

Departments
Section 266 (a), (b), and (c) to be under the amended
subtitle "Residential Mortgage Program for
Certain Counties"
Annotated Code of Maryland
(1978 Replacement Volume and 1980 Supplement)