HARRY HUGHES, Governor

1807

TO ACQUIRE, IMPROVE, OR CONSTRUCT A PROJECT, INCLUDING AN
OBLIGATION OR EXPENSE FOR:

1.  AN ENGINEERING STUDY;

2.  AN ESTIMATE OF COST;

3.  AN ESTIMATE OF REVENUE; OR

4.  ANY OTHER TECHNICAL OR PROFESSIONAL
SERVICE; AND

(II) THE COST OF A PROJECT, INCLUDING:

1.  ACQUIRING ALL OF THE STOCK OF A
CORPORATION THAT OWNS THE PROJECT;

2.  DISCHARGING THE OBLIGATIONS OF THE
CORPORATION TO VEST TITLE TO ALL OR PART OF THE PROJECT IN THE
AUTHORITY;

3.  ACQUIRING ANY REAL PROPERTY, RIGHT,
EASEMENT, FRANCHISE, PERMIT, MACHINERY, OR EQUIPMENT;

4.  ANY IMPROVEMENT;

5.  ANY FINANCE CHARGE;

6.  ANY INTEREST CHARGE BEFORE, DURING, OR
FOR 1 YEAR AFTER COMPLETION OF CONSTRUCTION OF THE PROJECT;

7.  ANY ENGINEERING OR LEGAL SERVICE,
PLAN, SPECIFICATION, SURVEY, ESTIMATE OF COST, ESTIMATE OF
REVENUE, OR OTHER ITEM NECESSARY TO DETERMINE THE FEASIBILITY OR
PRACTICABILITY OF ACQUIRING, IMPROVING, OR CONSTRUCTING THE
PROJECT; AND

8.  ANY ADMINISTRATIVE EXPENSE.

REVISOR'S NOTE: This subsection is new language derived
without substantive change from former HE § 9-901(e).

Throughout this subsection, "project" is substituted
for the former references to "water system", "sewerage
system", and "the system" in light of the definition
of "project" in this section.

In paragraph (2)(ii)l. of this subsection, "stock" is
substituted for the former words "capital stock", for
clarity.

In paragraph (2)(ii)3. of this subsection, "real
property" is substituted for the former words "lands"
and "properties", for clarity.