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Session Laws, 1983
Volume 745, Page 2204   View pdf image
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2204                                             LAWS OF MARYLAND                                        Ch. 675 over to the Comptroller of the State of Maryland out of market
AND PARK revenues the amount of any taxes levied and collected by
the State under Chapter 845 of the Laws of Maryland of 1957 for
the payment of interest on and the principal of the bonds issued
by the New Marsh Wholesale Produce Market Authority. The payments
to the State shall be without interest and shall be made within
60 days after the end of each fiscal year of the Authority which
begins after the year in which all of the bonds have been paid
and retired, or in which provision for such payment has been
made, until all of the State tax has been repaid to the State. 413. As used in this subtitle the words and terms listed in this
section and used in their place have the meaning indicated unless
the context shall indicate another or different meaning or
intent. (b)   "Cost of the market" AND "COST OF THE PARK" means the
purchase price, the cost of all land, property rights, easements, and franchises, deemed necessary for the construction and establishment of the market OR THE PARK, the cost of relocation
of wholesale food dealers OR TENANTS, referred to in § 414(h),
the cost of all labor, materials, machinery and equipment
including expenses of relocating public utility facilities
referred to in § 414(e), etc., financing charges, interest prior
to and during construction, cost of engineering, architectural
and legal services, plans, specifications, surveys, estimates of
costs and of revenues, other expenses necessary or incident to
determining the feasibility or practicability of such
construction, administrative expense and such other expenses as
may be necessary or incident to the financing herein authorized
and to the construction and establishment of the market OR THE
PARK; and the placing of [it] THEM in operation. (c) "Current expenses" means the Authority's reasonable and
necessary current expenses of maintaining, repairing, and
operating the market OR THE PARK and includes, without limiting
the generality of the foregoing, all administrative expenses,
insurance premiums, engineering expenses relating to operation
and maintenance, legal expenses, charges of the paying agents,
any taxes which may be lawfully imposed on the Authority or its
income or operations or the property under its control and
reserves for those taxes, and any payments in lieu of taxes,
ordinary and usual expenses of maintenance and repair which may
include expenses not annually recurring, expenses incurred in the
exercise and the performance of its powers and duties under the
provisions of this subtitle, and any other expenses required to
be paid by the Authority under the provisions of any trust
agreement securing revenue bonds or by law. (G) "SEAFOOD" INCLUDES EDIBLE AND INEDIBLE FISH AND
SHELLFISH.


 
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Session Laws, 1983
Volume 745, Page 2204   View pdf image
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