clear space clear space clear space white space
A
 r c h i v e s   o f   M a r y l a n d   O n l i n e

PLEASE NOTE: The searchable text below was computer generated and may contain typographical errors. Numerical typos are particularly troubling. Click “View pdf” to see the original document.

  Maryland State Archives | Index | Help | Search		 search for:
clear space
white space
Session Laws, 2006
Volume 750, Page 506   View pdf image
 Jump to  
   << PREVIOUS  NEXT >>
clear space clear space clear space white space
2006 LAWS OF MARYLAND
Ch. 63
THE BONDS MAY BE STRUCTURED WITH: (1)      SUBSTANTIALLY LEVEL DEBT SERVICE PAYMENTS; AND (2)      INTEREST-ONLY PAYMENTS DURING THE PROJECTED PERIOD FOR
CONSTRUCTION OR REHABILITATION OF THE HOUSING PROJECT FINANCED WITH
BONDS ISSUED UNDER THIS SUBTITLE AND § 12-702 OF THIS ARTICLE. (C) ISSUANCE. (1)      THE BONDS SHALL BE ISSUED ON A SERIAL MATURITY PLAN. (2)      PART OF EACH ISSUE MAY BE SOLD AS TERM BONDS STRUCTURED
WITH MANDATORY SINKING FUND PAYMENTS, IF REQUIRED FOR MARKET
ACCEPTANCE AND APPROVED BY THE COUNTY GOVERNMENT IN THE MANNER
SPECIFIED BY THE COUNTY COUNCIL RESOLUTION ADOPTED UNDER § 16-206 OF
THIS SUBTITLE. REVISOR'S NOTE: This section is new language derived without substantive
change from the sixth sentence of former Art. 44A, § 2-103(a)(1). Defined terms: "Bond" § 12-101
"Housing project" § 16-101
"Montgomery Commission" § 16-101 16-204. MONTGOMERY COMMISSION TO PROVIDE INFORMATION TO COUNTY
EXECUTIVE. (A) REQUIRED INFORMATION. (1)      ON DETERMINING TO ISSUE BONDS, THE MONTGOMERY
COMMISSION SHALL PROVIDE TO THE COUNTY EXECUTIVE INFORMATION ABOUT
THE BONDS AND THE HOUSING PROJECTS BENEFITTING FROM THE BOND
PROCEEDS. (2)      THE INFORMATION SHALL INCLUDE: (I)      THE TERMS AND CONDITIONS OF THE BONDS; (II)     AN ESTIMATE OF THE BOND INTEREST RATE AND THE BASIS
FOR THE ESTIMATE; (III)   THE ESTIMATED TIMING AND OTHER PROVISIONS ABOUT THE
ADVERTISING AND SALE OF THE BONDS; (IV)    A DESCRIPTION OF THE PROPOSED HOUSING PROJECT, WITH
DETAILED ESTIMATES OF CONSTRUCTION AND RELATED COSTS TO MAKE IT READY
TO RENT OR SELL; (V)     DETAILED ESTIMATES OF OPERATING COSTS AND DEBT
SERVICE; (VI)    SCHEDULES OF RESERVES FOR DEPRECIATION AND MAJOR
MAINTENANCE; - 506 -


  		clear space
clear space
white space

Please view image to verify text. To report an error, please contact us.
Session Laws, 2006
Volume 750, Page 506   View pdf image
 Jump to  
   << PREVIOUS  NEXT >>


This web site is presented for reference purposes under the doctrine of fair use. When this material is used, in whole or in part, proper citation and credit must be attributed to the Maryland State Archives. PLEASE NOTE: The site may contain material from other sources which may be under copyright. Rights assessment, and full originating source citation, is the responsibility of the user.

Tell Us What You Think About the Maryland State Archives Website!

An Archives of Maryland electronic publication.
For information contact mdlegal@mdarchives.state.md.us.

©Copyright  October 11, 2023
Maryland State Archives