3504                                          LAWS OF MARYLAND                                      Ch. 741

SECTION 6. AND BE IT FURTHER ENACTED, That this Act shall
take effect July 1, 1985.

Approved May 28, 1985.

CHAPTER 742

(Senate Bill 873)

AN ACT concerning

Revenue Bonds - Chartered Counties

FOR the purpose of expressly authorizing Charter Counties to
issue revenue bonds or other evidences of indebtedness
obligations that are payable solely from the funds or
revenues received from a structure, facility, project, or
undertaking and which may or in connection with a system,
project, or undertaking financed from certain proceeds;
providing that these revenue bonds do not constitute an
indebtedness of the county or a pledge of its faith and
credit or taxing power; permitting certain revenue bonds to
be sold at private sale; providing that the bonds or
evidences of indebtedness obligations issued under this Act
are not subject to certain limitations otherwise applicable
to revenue bonds; and prohibiting this Act from being
interpreted as a limitation on the power of a county to
issue revenue bonds.

BY repealing and reenacting, with amendments,

Article 25A - Chartered Counties

Section 5(P)

Annotated Code of Maryland

(1981 Replacement Volume and 1984 Supplement)

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That the Laws of Maryland read as follows:

Article 25A - Chartered Counties of Maryland

5.

The following enumerated express powers are granted to and
conferred upon any county or counties which hereafter form a
charter under the provisions of Article XI-A of the Constitution,
that is to say:

(P)

(1) To provide for the borrowing of moneys on the
faith and credit of the county and for the issuance of bonds or