|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
HARRY HUGHES, Governor
|
|
1387
|
|
|
|
|
|
|
|
|
|
|
|
|
installments of interest accruing on the bonds, pending the levy
and collection of taxes therefor.
|
|
|
|
|
|
|
|
|
|
SECTION 3. AND BE IT FURTHER ENACTED, That this Act shall
take effect July 1, 1983.
Approved May 24, 1983.
|
|
|
|
|
|
|
|
|
|
CHAPTER 449
(House Bill 792)
AN ACT concerning
Maryland-National Capital Park and Planning Commission -
Fiscal Authority
MC/PG 15-83
FOR the purpose of repealing certain obsolete provisions relating
to bonds issued, redeemed, repurchased, or refunded under
Public Law 284, the Little Falls Branch Park Development
Bonds, the Anacostia River Flood Control Bonds, Series L
Bonds in Montgomery and Prince George's counties, and tax
anticipation certificates for the Maryland-National-Capital
Park and Planning Commission; repealing other obsolete
references in Article 66D of the Code; providing that other
obligations in addition to bonds and notes are included in
the provisions of Article 66D of the Code; renumbering and
consolidating certain provisions relating to the fiscal
authority of the Commission; providing that the Commission
may set annual interest rates on certain Commission bonds to
be in the public interest; standardizing certain provisions
between Montgomery County and Prince George's County that
relate to the guarantee for payment of principal and
interest on certain refunding bonds; providing that the
applicable county executives for Montgomery County of Prince
George's County or both must sign certain bonds for the
bonds to be effective; clarifying certain references to the
metropolitan district in Article 66D of the Code; requiring
the Commission to certify proceeds from administrative taxes
to Montgomery and Prince George's counties; providing that
income derived from certain bonds of the Commission is tax
exempt; revising references to the nonapplicability of
certain provisions of law relating to the method of
advertising and offering bonds for sale and to the method
and time of maturing bonds; repealing certain references to
the pledge of the full faith and credit of the Commission
for certain bonds and notes; and generally relating to
clarifying and revising the fiscal authority of the
Commission. issued by the Commission to purchase park land
under Public Law 284, to the Commission's Little Falls
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
 |
