HARRY HUGHES, Governor                              2413

Article 43, § 463.

The only changes are in style.

9-920. CONVEYANCE OF PROJECT BY AUTHORITY TO MUNICIPALITY;
TERMINATION OF EXISTENCE OF AUTHORITY.

AFTER ANY AUTHORITY HAS PAID OR PROVIDED FOR THE
PAYMENT OF THE PRINCIPAL OF AND THE INTEREST ON ALL BONDS
WHICH HAVE BEEN SECURED BY A PLEDGE OF ANY OF THE REVENUES
OF A PROJECT, THE AUTHORITY MAY, SUBJECT TO ANY AGREEMENTS
CONCERNING THE OPERATION OR DISPOSITION OF THE PROJECT,
GRANT AND CONVEY THE PROJECT TO THE MUNICIPALITY OR
MUNICIPALITIES COMPOSING THE AUTHORITY. AFTER ANY AUTHORITY
HAS PAID OR MADE PROVISION FOR THE PAYMENT OF THE PRINCIPAL
OF AND THE INTEREST ON ALL BONDS ISSUED BY IT AND SETTLED
ALL OTHER CLAIMS AGAINST IT, IT MAY TERMINATE ITS EXISTENCE.
A CERTIFICATE, REQUESTING THE TERMINATION OF THE EXISTENCE
OF THE AUTHORITY, SIGNED BY THE PROPER OFFICERS OF THE
AUTHORITY AND STATING THAT THE PRINCIPAL OF AND THE INTEREST
ON ALL BONDS ISSUED BY THE AUTHORITY HAVE BEEN PAID OR THAT
PROVISION FOR PAYMENT HAS BEEN MADE AND THAT ALL CLAIMS
AGAINST THE AUTHORITY HAVE BEEN SETTLED, SHALL BE FILED WITH
THE STATE DEPARTMENT OF ASSESSMENTS AND TAXATION. IF THE
CERTIFICATE IS APPROVED BY THE MUNICIPALITY OR
MUNICIPALITIES COMPOSING THE AUTHORITY BY ORDINANCE OR
RESOLUTION, THE STATE DEPARTMENT OF ASSESSMENTS AND TAXATION
SHALL NOTE THE TERMINATION OF EXISTENCE ON ITS RECORDS AND
ISSUE ITS CERTIFICATE OF APPROVAL TO THE BOARD. THE
AUTHORITY THEN SHALL CEASE TO EXIST.

REVISOR'S NOTE: This section formerly appeared as
Article 43, § 464.

Throughout this section, "State Department of
Assessments and Taxation" is substituted for
"State Tax Commission" in light of Article 41, §
318 of the Code.

The only other changes are in style.

9-921. CONSTRUCTION OF SUBTITLE.

(A) IN GENERAL.

THIS SUBTITLE CONSTITUTES FULL AND COMPLETE AUTHORITY,
WITHOUT REGARD TO THE PROVISIONS OF ANY OTHER LAW FOR THE
DOING OF THE ACTS AND THINGS AUTHORIZED BY THIS SUBTITLE,
AND SHALL BE LIBERALLY CONSTRUED TO EFFECT THE PURPOSES OF
THIS SUBTITLE. HOWEVER, NOTHING CONTAINED IN THIS SUBTITLE
SHALL BE TAKEN AS RESTRICTING ANY CONTROL WHICH THE
DEPARTMENT OF HEALTH AND MENTAL HYGIENE AND THE DEPARTMENT
OF NATURAL RESOURCES ARE EMPOWERED TO EXERCISE OVER OR
WITHIN ANY AUTHORITY.