2256                                  LAWS OF MARYLAND                                Ch. 240

ACQUISITION, IMPROVEMENT, OR PLACEMENT IN OPERATION OF A
PROJECT, INCLUDING THE COST AND EXPENSES OF:

(I) THE PURCHASE PRICE OF A PROJECT;

(II) THE COST OF ACQUIRING ALL THE CAPITAL
STOCK OF A CORPORATION THAT OWNED A PROJECT;

(III) AMOUNTS PAID TO DISCHARGE
OBLIGATIONS OF THE OWNER OF A PROJECT, IF PAID TO VEST TITLE
TO A PROJECT IN THE DISTRICT;

(IV) ANY INTEREST IN REAL OR PERSONAL
PROPERTY ACQUIRED IN CONNECTION WITH IT;

(V) FINANCIAL, TECHNICAL, PROFESSIONAL,
ENGINEERING, AND LEGAL SERVICES;

(VI) PLANS, SPECIFICATIONS, SURVEYS,
ESTIMATES OF COSTS AND REVENUES, FEASIBILITY OR
PRACTICABILITY REPORTS, MACHINERY, EQUIPMENT, ADMINISTRATIVE
EXPENSES, AND OTHER EXPENSES THAT ARE NECESSARY AND INCIDENT
TO THE FINANCING AUTHORIZED FOR THE CONSTRUCTION,
ACQUISITION, IMPROVEMENT, OR PLACEMENT IN OPERATION OF A
PROJECT; AND

(VII) FINANCING THE PROJECT, INCLUDING
FINANCE CHARGES AND INTEREST BEFORE, DURING, AND FOR 1 YEAR
AFTER COMPLETION OF CONSTRUCTION.

(2) "COST", AS TO ANY OBLIGATION OR EXPENSE THAT
IS INCURRED BEFORE THE BONDS ARE ISSUED, ALSO INCLUDES THE
COST AND EXPENSE OF ENGINEERING SERVICES, ESTIMATES OF COSTS
AND REVENUES, AND ANY OTHER TECHNICAL OR PROFESSIONAL
SERVICES THAT MAY BE USED IN THE CONSTRUCTION, ACQUISITION,
OR IMPROVEMENT OF A PROJECT.

REVISOR'S NOTE: This subsection is new language derived
without substantive change from former Article
43, § 645(j).

In this subsection, the defined term "project" is
substituted for the references to "water system
or a sewerage system" and words of similar
import, to give effect to the apparent
legislative intent that bonds be issued to pay
the costs of solid waste disposal systems and
solid waste acceptance facilities as well as
costs of water systems and sewerage systems.
This legislative intent is evident from Ch. 248,
Acts of 1970, which generally extended the
provisions of what is now this subtitle to the
building of solid waste disposal systems and
solid waste acceptance facilities, and which also
amended former Article 43, § 654(a) to allow the