3150

LAWS OF MARYLAND

Ch. 688

CHAPTER 688

(House Bill 1262)

AN ACT concerning

Charles County - Bonds for County
Government Building Complex

FOR the purpose of authorizing and empowering the County
Commissioners of Charles County to borrow not exceeding
$5,000,000 $3,500,000, at one time or from time to time, in
order to finance certain public facilities in Charles County
as herein defined, and to effect such borrowing by the
issuance and sale at public or private sale of its general
obligation bonds in like par amount; empowering the County
to fix and determine, by resolution, the form, tenor,
interest rate or rates, or method of determining the same,
terms, conditions, maturities and all other details incident
to the issuance and sale of the bonds; empowering the County
to issue refunding bonds for the purchase or redemption of
bonds in advance of maturity; empowering and directing the
County to levy, impose and collect, annually, ad valorem
taxes in rate and amount sufficient to provide funds
necessary for the payment of the maturing principal of and
interest on the bonds; exempting the bonds and refunding
bonds, the interest thereon and any income derived therefrom
from all State, county, municipal and other taxation in the
State of Maryland; and relating generally to the issuance
and sale of the bonds.

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That, as used in this Act, the term "County" means the
body politic and corporate of the State of Maryland known as the
County Commissioners of Charles County; the term "Board" means
Board of County Commissioners of Charles County, the governing
body of the County; the term "public facilities" means (i) the
alteration, improvement, rehabilitation, renovation, and
remodeling of existing structures owned by the County in La
Plata, Maryland, and (ii) the construction of an addition or
additions to such existing structures, to provide a government
building complex for the use of the Charles County government,
including office space, hearing rooms and storage space, and
further including (without limitation) parking facilities, means
of access and utility services, and the acquisition and
development, as applicable, of land, structures, real or personal
property, rights, rights-of-way, easements and other interests
for such public facilities, the acquisition and installation of
furnishings and equipment of the public facilities, together with
any related financing charges, interest prior to and during
construction (and, if deemed necessary by the County, for a
limited period after completion of construction), interest and
reserves for principal and interest and for extensions,
enlargements, additions and improvements, architectural,