|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
570
|
|
Ch. 73
|
|
|
|
|
LAWS OF MARYLAND
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
PART VI. ISSUANCE OF BONDS BY THE AUTHORITY.
13-138.
(A) IN GENERAL. - IN ORDER TO ACCOMPLISH THE PURPOSES OF
THIS SUBTITLE, IN ADDITION TO ANY OTHER POWERS IT MAY HAVE AND
NOTWITHSTANDING ANY LIMITATION OF LAW, THE AUTHORITY, ON BEHALF
OF THE STATE, MAY ISSUE AND SELL BONDS AS PROVIDED IN AND IN
ACCORDANCE WITH THE MARYLAND ECONOMIC DEVELOPMENT REVENUE BOND
ACT.
(B) ACQUISITION OF FACILITIES FROM BOND PROCEEDS. - THE
AUTHORITY MAY ACCOMPLISH THE ACQUISITION OF 1 OR MORE FACILITIES
FROM THE PROCEEDS OF THE SALE OF ITS BONDS BY 1 OR MORE OF THE
METHODS DESCRIBED IN THE MARYLAND ECONOMIC DEVELOPMENT REVENUE
BOND ACT.
(C) NOTIFICATION TO BOARD OF PUBLIC WORKS. - THE AUTHORITY
MAY ISSUE ITS BONDS WITHOUT OBTAINING THE CONSENT OF ANY OTHER
UNIT OF STATE GOVERNMENT, AND WITHOUT ANY PROCEEDINGS, OR THE
OCCURRENCE OF ANY CONDITIONS, OTHER THAN THOSE EXPRESSLY REQUIRED
BY THIS SUBTITLE. PRIOR TO THE ISSUANCE OF ANY BONDS BY THE
AUTHORITY, THE AUTHORITY SHALL NOTIFY THE STATE BOARD OF PUBLIC
WORKS OF ITS INTENTION TO ISSUE THE BONDS UP TO A STATED AMOUNT
AND THE BOARD OF PUBLIC WORKS MAY COORDINATE THE ISSUANCE OF THE
BONDS WITH ANY INTENDED ISSUANCE OF BONDS OF THE STATE, ITS
AGENCIES, AND PUBLIC INSTRUMENTALITIES; HOWEVER, THE FAILURE TO
NOTIFY THE BOARD OF PUBLIC WORKS SHALL NOT AFFECT IN ANY WAY:
(1) THE VALIDITY OR ENFORCEABILITY OF ANY BONDS
ISSUED BY THE AUTHORITY;
(2) THE VALIDITY OF ANY FINDING OR DETERMINATION BY
THE AUTHORITY UNDER THIS SUBTITLE; OR
(3) THE VALIDITY OR ENFORCEABILITY OF ANY AGREEMENT
ENTERED INTO BY THE AUTHORITY UNDER THIS SUBTITLE.
(D) PARTICIPATION BY MINORITY BUSINESS ENTERPRISE. - WHEN
BONDS ARE ISSUED BY THE AUTHORITY, IT IS IN THE INTEREST OF THE
PUBLIC WELFARE AND PURPOSE THAT THE AUTHORITY ATTEMPT TO ACHIEVE
A GOAL THAT 10 PERCENT OF THE FACILITY USERS ARE MINORITY
BUSINESS ENTERPRISES WITHIN THE MEANING INDICATED IN ARTICLE 21,
§ 8-601 OF THE CODE; HOWEVER, THE FAILURE TO ACHIEVE THE GOAL
SHALL NOT AFFECT IN ANY WAY:
(1) THE VALIDITY OR ENFORCEABILITY OF ANY BONDS
ISSUED BY THE AUTHORITY;
(2) THE VALIDITY OF ANY FINDING OR DETERMINATION BY
THE AUTHORITY UNDER THIS SUBTITLE; OR
(3) THE VALIDITY OR ENFORCEABILITY OF ANY AGREEMENT
ENTERED INTO BY THE AUTHORITY UNDER THIS SUBTITLE.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
 |
