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Session Laws, 1987
Volume 769, Page 2186   View pdf image
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Ch. 451

LAWS OF MARYLAND

the State Plan's revision, the Department of Natural Resources
may not certify pursuant to § 5-905(d)(l) of the Natural
Resources Article the local governing body's recreation and parks
master plan if it contains lower acquisition goals than existed
in that local governing body's recreation and parks master plan
on October 31, 1986.

SECTION 4. AND BE IT FURTHER ENACTED, That on July 1, 1988
the Department of Natural Resources and the Department of State
Planning shall submit a joint written report to the Governor and,
subject to § 2-1312(b) of the State Government Article, to the
General Assembly on the changes made under this Act.

SECTION 2. 5. AND BE IT FURTHER ENACTED, That this Act
shall take effect July 1, 1987.

Approved May 14, 1987.

CHAPTER 451

(House Bill 328)

AN ACT concerning

St. Mary's County - Public Facilities Bonds

FOR the purpose of authorizing and empowering the Board of County
Commissioners of St. Mary's County, from time to time, to
borrow not more than $10,000,000, in order to finance the
construction, improvement or development of public
facilities in St. Mary's 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 for the payment of
the maturing principal of and interest on the bonds;
exempting the bonds and refunding bonds, and the interest
thereon and any income derived therefrom, from all State,
county, municipal and other taxation in the State of
Maryland; providing that nothing in this Act shall prevent
the County from authorizing the issuance and sale of bonds

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Session Laws, 1987
Volume 769, Page 2186   View pdf image
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