HARRY HUGHES, Governor

1161

BY repealing and reenacting, with amendments,

The Public Local Laws of St. Mary's County
Section 27-11

Article 19 - Public Local Laws of Maryland
(1979 Edition, as amended)

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That section(s) of the Code of Public Local Laws
of Maryland read(s) as follows:

Article 19 - St. Mary's County

27-11.

A.  Unless and until otherwise provided by ordinance of
the County Commissioners within the limitations provided by
public general law, the aggregate amount of bonds and other
evidences of indebtedness outstanding at any one time may
not exceed five percent (5%) upon the assessable basis of
the county. However, tax anticipation notes or other
evidences of indebtedness having a maturity not in excess of
twelve (12) months, bonds or other evidences of indebtedness
issued or guaranteed by the county, payable primarily or
exclusively from taxes levied in or on or other revenues of
special taxing areas or districts heretofore or hereafter
established by law, and bonds or other evidences of
indebtedness issued for self-liquidating and other projects
payable primarily or exclusively from the proceeds of
assessments or charges for special benefits or services, are
not subject to or to be included as bonds or evidences of
indebtedness in computing or applying the percent limitation
above provided.

B.  All bonds or other evidences of indebtedness issued
under the authority of the Sanitary Commission Act shall be
construed as exempt, under Subsection A above, from the
percent limitation in this section provided but shall
continue as heretofore to be subject to the percent
limitation as from time to time provided in said Act.

C.  BONDS ALL BONDS OR OTHER EVIDENCES OF INDEBTEDNESS
ISSUED BY THE COUNTY COMMISSIONERS FOR THE BENEFIT OF ST.
MARY'S HOSPITAL, INC. OF ST. MARY'S COUNTY MAY NOT BE
INCLUDED AS BONDS OR OTHER EVIDENCES OF INDEBTEDNESS IN
COMPUTING OR APPLYING THE PERCENT LIMITATION PROVIDED IN
SUBSECTION A OF THIS SECTION.

SECTION 2. AND BE IT FURTHER ENACTED, That this Act
shall take effect July June 1, 1982.