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Session Laws, 1986
Volume 768, Page 147   View pdf image
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HARRY HUGHES, Governor

147

of this Act are intended solely to correct technical errors in
the law and that there is no intent to revive or otherwise affect
law that is the subject of other acts, whether those acts were
signed by the Governor prior to or after the signing of this Act.

SECTION 7. AND BE IT FURTHER ENACTED, That this Act shall
take effect July 1, 1986.

Approved February 28, 1986.

CHAPTER 6

(Senate Bill 470)

AN ACT concerning

Cecil County - Tax Anticipation Borrowing

FOR the purpose of increasing the amount of money which the Cecil
County Commissioners are authorized to borrow in any given
fiscal year; requiring that the amount be repaid fully by
the end of that first year; repealing the prohibition on
borrowing in a certain time frame; repealing the
authorizations to borrow various amounts at various times;
clarifying language; and making this Act an emergency
measure.

BY repealing and reenacting, with amendments,

The Public Local Laws of Cecil County

Section 9-9

Article 8 - Public Local Laws of Maryland

(1970 Edition and June, 1985 Supplement, as amended

by Chapter 386 of the Acts of the General Assembly of 1985)

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

Article 8 - Cecil County

9-9.

(a) The County Commissioners may not create any obligation
or liability on the part of or on the credit of the county which
is a floating debt that extends beyond the dates specified in
this section. Except as otherwise specified in this section, a
temporary loan may not be made to pay any deficiency arising from
a failure to realize sufficient income from revenue and taxation
to meet the amounts for which provision is made in the list of
estimates.

 

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Session Laws, 1986
Volume 768, Page 147   View pdf image
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