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2079
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HARRY HUGHES, Governor
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subdivisions and is a public purpose, and the State of Maryland
and its political subdivisions and the Authority will be
performing an essential governmental function in the exercise of
the powers conferred by this subtitle, and with the exception of
State and local real estate taxes as required below the Authority
shall not be required to pay any taxes or assessments upon the
market AND THE PARK or any part thereof or upon its activities in
the operation and maintenance of the market AND THE PARK or upon
any revenues therefrom, and the bonds of the Authority issued
under this subtitle, and the interest thereon are forever exempt
from all State, municipal, and local taxation; provided however,
that wherever the Authority sells or leases land or market AND
PARK facilities to any private entity or entities such land or
market AND PARK facilities shall be subject to State and local
property taxes from the time of such sale.
426.
The Authority shall submit annually a written statement,
including a financial statement covering the operation of the
market AND THE PARK to the Governor and, subject to Article 40, §
51 of the Code, to the General Assembly.
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SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall
take effect July 1, 1983.
Approved May 31, 1983.
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CHAPTER 651
(House Bill 1217)
AN ACT concerning
Calvert County, Harford, and Howard Counties - Revenue Bonds
for Residential Mortgages
FOR the purpose of authorizing Calvert County, Harford, and
Howard counties to borrow money and issue revenue bonds for
the purpose of financing the purchase of dwellings by
persons with certain income limitations; providing certain
legislative findings and legislative purposes; and generally
relating to the authority and procedures by which Calvert
County, Harford, and Howard counties may issue revenue bonds
to finance certain dwelling purchases.
BY repealing and reenacting, with amendments,
Article 41 - Governor - Executive and Administrative
Departments
Section 266(a) and (c)
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