4324

LAWS OF MARYLAND

Ch. 791

(F)  "COUNTY" MEANS ANY OF THE 23 COUNTIES OF MARYLAND,
AND THE MAYOR AND CITY COUNCIL OF BALTIMORE.

(G)  "FACILITY" OR "FACILITIES" MEANS ANY LAND OR
INTEREST IN LAND, BUILDINGS, STRUCTURES, MACHINERY,
EQUIPMENT, FURNISHINGS, OR OTHER REAL OR PERSONAL PROPERTY
OR INTEREST IN THEM, OR ANY COMBINATION OF THEM, THE
ACQUISITION OF WHICH THE LEGISLATIVE BODY OF A MUNICIPALITY
OR COUNTY, OR THE BOARD OF DIRECTORS OF AN AUTHORITY, IN ITS
SOLE AND ABSOLUTE DISCRETION, FINDS AND DETERMINES BY
RESOLUTION WILL ACCOMPLISH 1 OR MORE OF THE LEGISLATIVE
PURPOSES SET FORTH IN § 266B OF THIS SUBTITLE, INCLUDING,
WITHOUT LIMITATION, THAT OR THOSE WHICH MAY BE FINANCED FROM
THE PROCEEDS OF THE ISSUANCE AND SALE OF BONDS THE INTEREST
ON WHICH IS EXEMPT FROM FEDERAL INCOME TAXATION UNDER THE
PROVISIONS OF § 103 OF THE FEDERAL INTERNAL REVENUE CODE OF
1954 OR ANY OTHER FEDERAL STATUTE HEREAFTER ENACTED. A
FACILITY DOES NOT CONSTITUTE A CAPITAL PROJECT OF A
MUNICIPALITY OR COUNTY WITHIN THE MEANING OF ANY STATUTORY
OR CHARTER PROVISION.

(H) "FACILITY APPLICANT" MEANS ANY INDIVIDUAL, PUBLIC
OR PRIVATE CORPORATION, PARTNERSHIP, ASSOCIATION, FIRM, OR
OTHER ENTITY, WHETHER OR NOT CREATED FOR THE PURPOSE OF
MAKING A PROFIT, WHICH, PURSUANT TO A LETTER OF INTENT OR
SIMILAR AGREEMENT WITH A PUBLIC BODY, REQUESTS A PUBLIC BODY
TO PARTICIPATE IN THE FINANCING OF 1 OR MORE FACILITIES IN
THE MANNER PROVIDED IN THIS SUBTITLE FOR USE BY 1 OR MORE
FACILITY USERS.

(I) "FACILITY USER" MEANS ANY INDIVIDUAL, PUBLIC OR
PRIVATE CORPORATION., PARTNERSHIP, ASSOCIATION, FIRM, OR
OTHER ENTITY, WHETHER OR NOT CREATED FOR THE PURPOSE OF
MAKING A PROFIT, WHICH OWNS, LEASES, OR USES ALL OR ANY PART
OF A FACILITY, AND MAY INCLUDE A FACILITY APPLICANT.

(J) "FINANCE BOARD" MEANS ANY BOARD, AGENCY, OR
INSTRUMENTALITY OF A MUNICIPALITY OR COUNTY, OTHER THAN ITS
LEGISLATIVE BODY, WHICH IS NOW OR HEREAFTER AUTHORIZED BY
ANY STATUTORY OR CHARTER PROVISION TO ISSUE AND SELL BONDS
OF THE MUNICIPALITY OR COUNTY.

(K) "LEASE" MEANS ANY LEASE AGREEMENT ENTERED INTO
BETWEEN A PUBLIC BODY AND 1 OR MORE FACILITY USERS IN
CONNECTION WITH ANY BONDS ISSUED UNDER THIS SUBTITLE.

(L) "LOAN AGREEMENT" MEANS ANY LOAN AGREEMENT ENTERED
INTO BETWEEN A PUBLIC BODY AND 1 OR MORE FACILITY USERS IN
CONNECTION WITH ANY BONDS ISSUED UNDER THIS SUBTITLE.

(M) "MUNICIPALITY" MEANS A MUNICIPAL CORPORATION
SUBJECT TO THE PROVISIONS OF ARTICLE XI-E OF THE
CONSTITUTION.

(N) "PUBLIC BODY" MEANS ANY COUNTY, MUNICIPALITY, OR
AUTHORITY.