HARRY HUGHES, Governor

2389

IMPROVEMENTS, THE COST OF ALL LANDS, PROPERTIES, RIGHTS,
EASEMENTS, FRANCHISES, AND PERMITS ACQUIRED, THE COST OF ALL
MACHINERY AND EQUIPMENT, FINANCING CHARGES, INTEREST PRIOR
TO AND DURING CONSTRUCTION AND FOR 1 YEAR AFTER COMPLETION
OF CONSTRUCTION, THE COST OF ENGINEERING AND LEGAL SERVICES,
PLANS, SPECIFICATIONS, SURVEYS, ESTIMATES OF COST AND OF
REVENUES, OTHER EXPENSES NECESSARY OR INCIDENT TO THE
DETERMINING OF THE FEASIBILITY OR PRACTICABILITY OF ANY SUCH
ACQUISITION, IMPROVEMENT, OR CONSTRUCTION, ADMINISTRATIVE
EXPENSES, AND ANY OTHER EXPENSES NECESSARY OR INCIDENT TO
FINANCING OR TO THE ACQUISITION, IMPROVEMENT, OR
CONSTRUCTION OF A WATER SYSTEM OR A SEWERAGE SYSTEM AND THE
PLACING OF IT IN OPERATION BY THE AUTHORITY. ANY OBLIGATION
OR EXPENSE INCURRED BY THE AUTHORITY BEFORE THE ISSUANCE OF
REVENUE BONDS UNDER THIS SUBTITLE FOR ENGINEERING STUDIES,
FOR ESTIMATES OF COST AND REVENUES, OR FOR OTHER TECHNICAL
OR PROFESSIONAL SERVICES THAT MAY BE UTILIZED IN THE
ACQUISITION, IMPROVEMENT, OR CONSTRUCTION OF THE SYSTEM, MAY
BE REGARDED AS A PART OF THE COST OF THE SYSTEM.

REVISOR'S NOTE: This subsection formerly appeared as
Article 43, § 445(j).

The only changes are in style.

(F)  FEDERAL AGENCY.

"FEDERAL AGENCY" MEANS THE UNITED STATES OF AMERICA,
ANY DEPARTMENT OR BUREAU OF THE UNITED STATES, OR ANY AGENCY
OR INSTRUMENTALITY OF THE UNITED STATES.

REVISOR'S NOTE: This subsection formerly appeared as
Article 43, § 445(k).

The only changes are in style.

(G)  GOVERNING BODY.

"GOVERNING BODY", AS APPLIED TO ANY MUNICIPALITY, MEANS
THE BODY OR BOARD AUTHORIZED BY LAW TO ENACT ORDINANCES OR
ADOPT RESOLUTIONS FOR THE PARTICULAR MUNICIPALITY.

REVISOR'S NOTE: This section formerly appeared as
Article 43, § 445(d).

The only changes are in style.

(H) IMPROVEMENTS.

"IMPROVEMENTS" MEANS THE CONSTRUCTION, ERECTION
REPAIRS, REPLACEMENTS, ADDITIONS, EXTENSIONS, AND
BETTERMENTS OF AND TO A WATER SYSTEM OR A SEWERAGE SYSTEM
THAT THE AUTHORITY CONSIDERS TO BE NECESSARY TO PLACE OR TO
MAINTAIN THE SYSTEM IN PROPER CONDITION FOR SAFE, EFFICIENT,
AND ECONOMIC OPERATION OR TO MEET REQUIREMENTS FOR SERVICE