HARRY HUGHES, Governor

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(3) SPECIFY THE MAXIMUM PRINCIPAL AMOUNT OF THE
BONDS THAT MAY BE ISSUED; AND

(4) IMPOSE ANY TERMS OR CONDITIONS ON THE
ISSUANCE AND SALE OF THE BONDS IT DEEMS APPROPRIATE. EXCEPT
IN A COUNTY OR MUNICIPALITY THAT DOES NOT HAVE A PUBLICLY
ELECTED CHIEF ELECTED EXECUTIVE OFFICER, THE RESOLUTION
SHALL BE SUBJECT TO THE APPROVAL OF THE CHIEF EXECUTIVE
OFFICER.

(E)  THE LEGISLATIVE BODY OF ANY COUNTY OR
MUNICIPALITY, OR THE BOARD OF DIRECTORS OF ANY AUTHORITY, BY
RESOLUTION, MAY ITSELF SPECIFY AND PRESCRIBE, OR MAY
AUTHORIZE:

(1)  ITS FINANCE BOARD, BY RESOLUTION; OR

(2)  ITS CHIEF EXECUTIVE OFFICER, BY EXECUTIVE
ORDER OR OTHERWISE; OR

(3)  ANY OTHER APPROPRIATE ADMINISTRATIVE
OFFICER, BY ORDER OR OTHERWISE WITH THE APPROVAL OF ITS
CHIEF EXECUTIVE OFFICER, TO SPECIFY, PRESCRIBE, DETERMINE,
PROVIDE FOR OR APPROVE SUCH MATTERS, DETAILS, FORMS,
DOCUMENTS, OR PROCEDURES AS THE LEGISLATIVE BODY OR BOARD OF
DIRECTORS DEEMS APPROPRIATE TO THE AUTHORISATION, SALE,
SECURITY, ISSUANCE, DELIVERY, OR PAYMENT OF OR FOR THE
BONDS, INCLUDING, WITHOUT LIMITATION, CREATION OF SECURITY
FOR THE BONDS AND PROVISION FOR THE ADMINISTRATION OF BOND
ISSUES SUCH AS TRUST OR OTHER AGREEMENTS WITH BANKS OR TRUST
COMPANIES REGARDING ANY, COUNTERSIGNATURE OR DELIVERY OF
BONDS OR SECURITY' FOR BONDS. THE RESOLUTION OR TRUST
AGREEMENT MAY CONTAIN A PLEDGE OR ASSIGNMENT OF REVENUES TO
BE RECEIVED IN CONNECTION WITH THE FINANCING OR REFINANCING
OF A FACILITY AND THE LIEN OF THE PLEDGE OR ASSIGNMENT SHALL
BE VALID AND BINDING AGAINST ANY PERSON HAVING A CLAIM OF
ANY KIND AGAINST THE PUBLIC BODY, IRRESPECTIVE OF WHETHER
THE PERSON HAS NOTICE. NO RESOLUTION, TRUST AGREEMENT,
LEASE, SALE AGREEMENT, LOAN AGREEMENT, OR OTHER INSTRUMENT
ADOPTED OR ENTERED INTO BY A PUBLIC BODY UNDER THIS SUBTITLE
NEED BE FILED OR RECORDED EXCEPT IN THE RECORDS OF THE
PUBLIC BODY, REGARDLESS OF ANY CONTRARY PROVISION OF PUBLIC
GENERAL OR PUBLIC LOCAL LAW. THE CHIEF EXECUTIVE OFFICER OR
ADMINISTRATIVE OFFICER ACTING PURSUANT TO A RESOLUTION OF A
LEGISLATIVE BODY SHALL EXERCISE ANY AUTHORITY GRANTED THE
OFFICER IN ORDER TO ACCOMPLISH THE LEGISLATIVE POLICY OF
THIS SUBTITLE AND THE PUBLIC PURPOSES OF THE RESOLUTION AS
DECLARED BY THE LEGISLATIVE BODY, SUBJECT TO THE LIMITATIONS
SET FORTH IN THIS SUBTITLE AND- ANY LIMITATIONS PRESCRIBED BY
THE LEGISLATIVE BODY BY RESOLUTION.

(F)  THE RESOLUTION ADOPTED PURSUANT TO THIS SECTION IS
ADMINISTRATIVE IN NATURE, IS NOT SUBJECT TO PROCEDURES
REQUIRED FOR LEGISLATIVE ACTS, AND IS NOT SUBJECT TO
REFERENDUM. IT IS THE DECLARED LEGISLATIVE INTENT THAT THIS