HARRY HUGHES, Governor

3267

(8) ACQUIRE, PURCHASE, MANAGE AND OPERATE, AND HOLD
AND DISPOSE OF REAL AND PERSONAL PROPERTY, MAKE AND ENTER INTO
ALL CONTRACTS, LEASES, AGREEMENTS, AND ARRANGEMENTS NECESSARY OR
INCIDENTAL TO THE PERFORMANCE OF ITS DUTIES; AND

(9) DO ALL ACTS AND THINGS NECESSARY OR CONVENIENT TO
CARRY OUT THE POWERS EXPRESSLY GRANTED IN THIS SUBTITLE.
HOWEVER, IN APPROPRIATE MATTERS CONCERNING THE INTERNAL
ADMINISTRATIVE FUNCTIONS OF THE AUTHORITY THE PURCHASING
PROCEDURES OF THE COUNTY SHALL BE FOLLOWED.

11-207. FINANCES; ABATEMENT OF TAXES.

(A)  THE AUTHORITY SHALL KEEP PROPER RECORDS OF ACCOUNTS AND
SHALL MAKE AN ANNUAL REPORT OF ITS CONDITION AND OPERATIONS TO
THE COUNTY COMMISSIONERS, WHICH REPORT SHALL BE PUBLISHED IN A
LOCAL NEWSPAPER WITH GENERAL CIRCULATION.

(B)  THE FINANCIAL REPORT SHALL ANTICIPATE EXPENDITURES AND
RECEIPTS FROM THE OPERATION AND MANAGEMENT OF THE PARK AND SHALL
PROVIDE FOR THE REIMBURSEMENT TO THE COUNTY COMMISSIONERS OF
FUNDS PROVIDED BY SPECIAL BONDING AUTHORITY CONTAINED IN THIS
SUBTITLE, AS THE INDUSTRIAL PARK BECOMES OPERATIONALLY
PROFITABLE, AND TO THAT END THE AUTHORITY SHALL COMPUTE ANY AND
ALL COSTS ARISING OUT OF THE MANAGEMENT AND OPERATION OF THE PARK
IN A MANNER TO DEFRAY THE COSTS AS A PUBLIC BENEFIT CORPORATION
BECOMING SELF-SUFFICIENT AT THE EARLIEST OPERATIONALLY PRACTICAL
OPPORTUNITY.

(C)  SHOULD THE AUTHORITY REQUEST AN AUTHORIZATION TO ABATE
TAXES ON ITS PROPERTY, THE AUTHORIZATION SHALL BE GRANTED
FORMALLY ONLY BY THE COUNTY COMMISSIONERS SITTING IN REGULAR
SESSION. THE AUTHORITY SHALL SHOW AT THIS SESSION THE NET
EFFECTS OF THIS ABATEMENT OF TAXES, IF GRANTED, ON THE GENERAL
WELFARE OF THE COUNTY.

(D)  THE AUTHORITY SHALL TAKE WHATEVER STEPS IN THE
DEVELOPMENT OF DETAILED PLANS TO ASSURE BY COVENANTS OF
PERFORMANCE ON A CONTINUING BASIS THAT THE PARK ITSELF WILL NOT
BE DEPRECIATED FROM AN AESTHETICALLY DESIRABLE ENVIRONMENT WITHIN
OR BETWEEN THE PARK AND ITS IMMEDIATE SURROUNDINGS IN THE
INTEREST OF TENANTING THE PARK. FURTHER, THE SEWAGE EFFLUENT
GENERATED BY THE TENANTS SHALL BE HANDLED IN A MANNER SO AS NOT
TO DETRACT FROM THE QUALITY OF THE PATUXENT ESTUARY BY TERTIARY
TREATMENT OF SEWAGE AND DISPERSION OF THE TREATED EFFLUENT ON THE
LAND.

11-208. APPROPRIATION OF ADDITIONAL MONEYS.

IF, IN THE OPINION OF THE AUTHORITY, THE ADDITION OF MONEYS
TO THE AUTHORITY IS REQUIRED, THE AUTHORITY SHALL REQUEST THE
COUNTY COMMISSIONERS TO PROVIDE SUFFICIENT MONEYS TO CARRY OUT
THE PURPOSES OF THE AUTHORITY STIPULATED IN THIS SUBTITLE. UPON
RECEIPT OF THAT REQUEST, THE COMMISSIONERS MAY APPROPRIATE MONEYS
AS REQUESTED FROM THE GENERAL FUND IN ACCORDANCE WITH TITLE 5.