HARRY HUGHES, Governor
1823
In subsection (d) of this section, the reference to
"articles of joinder" is substituted for the former
references to "certificate of joinder" and
"certificate", for clarity to conform to similar
references throughout this section.
The attention of the General Assembly is brought to
the provisions of subsection (d) of this section and §
9-915(e) of this subtitle both of which refer to
joinder of political subdivisions to an existing
authority and, thus, contemplate the possibility of
having to form a new board of directors for the
authority. Consequently, the General Assembly may
wish to provide for the composition of this new board
of directors in § 9-915 of this subtitle.
In subsection (e) of this section, the reference to
filing the articles of withdrawal or articles of
joinder "for record" is new language added for clarity
to conform to CA § 1-301.
In subsection (f)(1)(ii) of this section, the
reference to "[m]ark" is substituted for the former
reference to "endorse", for clarity.
Subsection (f)(l)(iii) of this section is revised to
state expressly the formerly implied duty of the State
Department of Assessments and Taxation to issue a
certificate of approval for articles of withdrawal and
articles of joinder that comply with this subtitle.
The former reference to when articles of withdrawal or
articles of joinder are "effective" is deleted as
duplicative of subsection (f)(2)(i) of this section,
which provides for when articles of withdrawal or
articles of joinder are in full force and effect.
9-911. TERMINATION OF AUTHORITY.
(A) TERMINATION ALLOWED.
AN AUTHORITY MAY TERMINATE ITS EXISTENCE AFTER THE
AUTHORITY:
(1) PAYS OR PROVIDES FOR PAYMENT OF THE PRINCIPAL OF
AND INTEREST ON EACH BOND THAT THE AUTHORITY ISSUED;
(2) SETTLES ANY OTHER CLAIM AGAINST THE AUTHORITY;
AND
(3) HAS THE APPROVAL BY LAW OF THE GOVERNING BODY OF
EACH MEMBER POLITICAL SUBDIVISION.
(B) ARTICLES OF DISSOLUTION — FILING WITH STATE DEPARTMENT
OF ASSESSMENTS AND TAXATION.
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