Ch. 204

LAWS OF MARYLAND

CHAPTER 204
(House Bill 224)

AN ACT concerning

Calvert County - Revenue Bond Authority - Multi-Service

Center

FOR the purpose of authorizing the County Commissioners of
Calvert County to borrow an amount not to exceed $5,500,000
and to issue and sell its revenue bonds for the purpose of
paying the costs associated with the planning, financing,
design, construction, and equipping of a building in Calvert
County to be leased to the State for use as a multi-service
center and paying the expenses of issuance and sale;
providing that the revenue bonds shall be exempt from
taxation; providing for the pledging of the proceeds from
any rents or other revenues derived from the lease to the
State of the building constructed and equipped with the
revenue bond proceeds and for the payment of the principal
of and interest on the revenue bonds; authorizing the County
Commissioners of Calvert County to enter into certain trust
agreements for certain purposes; authorizing the County
Commissioners of Calvert County to convey or assign any real
or personal property financed or refinanced through its
revenue bonds as additional security for the payment of the
principal of and the interest on such revenue bonds;
requiring the revenue bonds to be payable from, in addition
to other revenues provided, the proceeds of any additional
security held under the trust agreement securing the revenue
bonds; specifying that the revenue bonds and the interest on
the bonds are the limited obligations of Calvert County;
prohibiting a charge or indebtedness against the general
credit or taxing power of Calvert County or the County
Commissioners of Calvert County; specifying that certain
terms and conditions of the revenue bonds be included in a
certain resolution; making this Act an emergency measure;
and providing generally for the issue and sale of such
revenue bonds.

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That the County. Commissioners of Calvert County are
authorized to borrow a sum not to exceed $5,500,000 and to issue
and sell revenue bonds the proceeds to be used for the purpose of
paying the costs associated with the planning, financing,
design, construction, and equipping of a building in Calvert
County to be leased to the State for use as a multi-service
center and to pay all expenses, including advertising, printing,

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