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2006 LAWS OF MARYLAND
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Ch. 324
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Article 19 - St. Mary's County
46-2.
A. In this section, the following words have the meanings indicated.
Construction means construction, reconstruction, improvement, enlargement,
expansion, alteration, rehabilitation, and repair of buildings and facilities necessary
for the operation of volunteer fire, ambulance, and rescue departments.
Construction costs includes, but is not limited to, architects' and engineers' fees,
costs of building means of access, and costs of extending utility systems.
County means the body politic and corporate of the State of Maryland known as
the County Commissioners of St. Mary's County.
Fire fighting equipment means:
(1) Necessary furnishing;
(2) Fire fighting, rescue and emergency medical equipment; and
(3) Fixed, permanent equipment used and operated by volunteer fire,
ambulance, and rescue departments.
Fund means the St. Mary's County Capital Revolving Financial Fund for Fire
Fighting Equipment and Facilities.
Land acquisition means the acquisition of real and personal property for the
construction of buildings to house fire fighting, rescue and emergency medical service
equipment and services.
D. Bonds.
(1) In order to provide moneys for appropriation to the Fund, the county
is hereby authorized and empowered to borrow money and incur indebtedness. To
evidence such borrowing, the county is hereby authorized and empowered to issue
and sell upon its full faith and credit general obligation bonds at any time and from
time to time for such purposes, provided that the aggregate principal amount of bonds
issued and outstanding under this section, together with the principal amount of any
alternative financing pursuant to subsection K hereof, shall not exceed [three million
dollars ($3,000,000.00)] FIVE MILLION DOLLARS ($5,000,000.00). The authority to issue.
general obligation bonds conferred hereby shall be deemed to provide an additional
and alternative authority for borrowing money and shall be regarded as supplemental
and additional to any authority to issue general obligation bonds conferred by other
laws.
SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall take effect
October 1, 2006.
Approved May 2, 2006?
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- 1764-
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