|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ch. 275 2005 LAWS OF MARYLAND
Section 1(g) and 2
SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That the Laws of Maryland read as follows:
Article 83A - Department of Business and Economic Development
SUBTITLE 17. LOCAL REDEVELOPMENT AUTHORITIES.
5-1701.
(A) IN THIS SUBTITLE THE FOLLOWING WORDS HAVE THE MEANINGS
INDICATED.
(B) "BOARD" MEANS THE BOARD OF DIRECTORS OF AN AUTHORITY.
(C) (1) "BOND" MEANS A BOND OR NOTE OF AN AUTHORITY ISSUED UNDER
THIS SUBTITLE.
(2) "BOND" INCLUDES:
(I) A BOND ANTICIPATION NOTE;
(II) A REVENUE ANTICIPATION NOTE;
(III) A GRANT ANTICIPATION NOTE;
(IV) A REFUNDING BOND;
(V) A NOTE IN THE NATURE OF COMMERCIAL PAPER; AND
(VI) ANY OTHER EVIDENCE OF INDEBTEDNESS OF THE AUTHORITY,
WHETHER A GENERAL OR LIMITED OBLIGATION OF THE AUTHORITY.
(D) "COST" INCLUDES:
(1) THE PURCHASE PRICE OF A PROJECT;
(2) THE COST TO ACQUIRE ALL OR ANY RIGHT, TITLE, OR INTEREST IN A
PROJECT;
(3) THE AMOUNT TO BE PAID TO DISCHARGE EACH OBLIGATION
NECESSARY OR DESIRABLE TO VEST TITLE TO ANY PART OF THE PROJECT IN AN
AUTHORITY OR OTHER OWNER;
(4) THE COST TO IMPROVE;
(5) THE COST OF LANDS, PROPERTIES, RIGHTS, EASEMENTS,
FRANCHISES, AND PERMITS;
(6) THE COST OF LABOR, MACHINERY, AND EQUIPMENT;
(7) FINANCING CHARGES;
|
|
|
|
|
|
|
|
|
|
- 1358 -
|
|
|
|
|
|
|
|
|
|
|
|
|
|
 |
