|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ch. 475
|
|
|
|
|
1462
|
|
|
|
|
|
LAWS OF MARYLAND
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(B) THE COUNTY COMMISSIONERS MAY APPROPRIATE FUNDS TO
PROVIDE FOR THE NECESSARY EXPENSES OF THE BUILDING AUTHORITY
COMMISSION.
(C) THE BUILDING AUTHORITY COMMISSION HAS THE FOLLOWING
FUNCTIONS:
(1) TO TAKE TITLE TO REAL PROPERTY FOR THE PURPOSE OF
RENOVATING AND LEASING BUILDINGS TO STATE OR COUNTY AGENCIES;
(2) TO ADMINISTER ALL PROJECTS THAT INVOLVE
RENOVATING AND LEASING BUILDINGS TO STATE OR COUNTY AGENCIES;
(3) TO ISSUE TAX EXEMPT BONDS BASED UPON GUARANTEED
REVENUE AGREEMENTS TO BUILD, MAINTAIN, AND ADMINISTER
GOVERNMENTAL FACILITIES, INCLUDING A NURSING HOME AND STATE
MULTISERVICE CENTER; AND
(4) TO PERFORM OTHER FUNCTIONS AND RESPONSIBILITIES
AS THE COUNTY COMMISSIONERS MAY AUTHORIZE AND DIRECT.
(A) THE COUNTY COMMISSIONERS OF ST. MARY'S COUNTY MAY
ESTABLISH A BUILDING AUTHORITY COMMISSION THERE IS HEREBY CREATED
THE "ST. MARY'S COUNTY BUILDING AUTHORITY COMMISSION" AS A BODY
POLITIC AND CORPORATE AND PUBLIC INSTRUMENTALITY OF THE COUNTY
AND COMMISSIONERS OF ST. MARY'S COUNTY, WHICH MAY UTILIZE THE
COMMISSION TO ACCOMPLISH THE PUBLIC PURPOSES OF THE COUNTY
COMMISSIONERS OF ST. MARY'S COUNTY AS PROVIDED IN THIS SECTION.
(B) THE COMMISSION SHALL BE CREATED AND OPERATED IS CREATED
AND SHALL BE OPERATED, AND ITS POWERS EXERCISED, SOLELY TO
ACCOMPLISH THE FOLLOWING PUBLIC PURPOSES OF THE COUNTY
COMMISSIONERS OF ST. MARY'S COUNTY:
(1) TO ACQUIRE, TAKE TITLE TO, AND RENOVATE REAL
PROPERTY WITHIN THE COUNTY;
(2) TO LEASE SUCH PROPERTY, AFTER RENOVATION, TO THE
STATE, THE COUNTY, OR ANY AGENCY OR INSTRUMENTALITY OF EITHER;
AND
(3) TO FINANCE OR REFINANCE THE ACQUISITION,
RENOVATION, AND LEASING OF SUCH PROPERTY BY THE ISSUANCE AND SALE
OF LIMITED OBLIGATION BONDS.
(C) SUBJECT TO THE PROVISIONS OF THIS SECTION, THE
COMMISSION MAY EXERCISE SUCH ADOPT AN OFFICIAL SEAL, SUE AND BE
SUED, MAKE AND ENTER INTO CONTRACTS AND AGREEMENTS, ACQUIRE,
HOLD, TRANSFER AND DISPOSE OF ANY PROPERTY OR INTEREST THEREIN,
AND EXERCISE SUCH OTHER POWERS AS THE BOARD OF COUNTY
COMMISSIONERS CONFERS UPON IT TO IMPLEMENT THE PUBLIC PURPOSES OF
THIS SECTION. THE EXERCISE BY THE COMMISSION OF THE POWERS
CONFERRED UPON IT SHALL BE DEEMED TO BE THE PERFORMANCE OF AN
ESSENTIAL PUBLIC FUNCTION.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
 |
