WILLIAM DONALD SCHAEFER, Governor                   Ch. 452

derived therefrom in the hands of the holders thereof from time
to time (including any profit made in the sale thereof) shall be
and are hereby declared to be at all times exempt from State,
county, municipal or other taxation of every kind and nature
whatsoever within the State of Maryland.

Nothing in this Act shall prevent the County from
authorizing the issuance and sale of bonds the interest on which
is not excludable from gross income for federal income tax

purposes.

SECTION 9. AND BE IT FURTHER ENACTED, That the authority to
borrow money and issue bonds conferred on the County by this Act
shall be deemed to provide an additional and alternative
authority for borrowing money and shall be regarded as
supplemental and additional to powers conferred upon the County
by other laws and shall not be regarded as in derogation of any
power now existing; and all Acts of the General Assembly of
Maryland heretofore passed authorizing the County to borrow money
are hereby continued to the extent that the powers contained in
such Acts have not been exercised, and nothing contained in this
Act may be construed to impair, in any way, the validity of any
bonds that may have been issued by the County under the authority
of any said Acts, and the validity of the bonds is hereby
ratified, confirmed and approved. This Act, being necessary for
the welfare of the inhabitants of St. Mary's County, shall be
liberally construed to effect the purposes hereof. All Acts and
parts of Acts inconsistent with the provisions of this Act are
hereby repealed to the extent of such inconsistency.

SECTION 10. AND BE IT FURTHER ENACTED, That this Act shall
take effect June 1, 1987.

Approved May 14, 1987.

CHAPTER 452

(House Bill 347)

AN ACT concerning

Motor Vehicle Fuel Tax - Refund

FOR the purpose of requiring the Comptroller to allow certain
refunds of motor vehicle fuel tax paid by a purchaser of
motor vehicle fuel for use in specific farm vehicles
equipment; providing for the construction and application of

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