Ch. 400

LAWS OF MARYLAND

procedures shall be established by the board of county
commissioners and the fund accounted for separately from other
funds. It may include but is not limited to highway construction,
land acquisition, sanitary facilities, parks and recreation
facilities, office buildings and equipment.

2-7-8.

(A)  The board of county commissioners [shall not after the
first day of July 1920,] MAY NOT create any obligation or
liability on the part of or on the credit of the county which
shall be a floating debt, nor issue any certificate of
indebtedness, nor shall the board borrow any money whatsoever for
any purpose, without special legislative authority to make the
loan. [In case of any deficiency in revenue and taxation to meet
the amounts provided in the estimates, there shall be a pro rata
abatement of all appropriations, except for the payment of the
state taxes, the principal and interest of the county debt and
salaries and obligations fixed by law. In case of any surplus
arising in any fiscal year by reason of excess income received
from the estimated revenue over the expenditures for such year or
by reason of unexpended appropriations for unexpended contingency
fund for such year or from increment from the sale of bonds or
other reason, the surplus shall be passed by the board of county
commissioners to a fund which shall be a part of the revenue for
the ensuing fiscal year; provided, that the]

(B)  THE county commissioners [are authorized to] MAY borrow
temporarily, on promissory notes during any one year, a sum of
money not to exceed [the sum of one hundred thousand dollars
($100,000.00),] $100,000 to pay the interest on the bonded
indebtedness of the county[, such]. THE temporary notes [to]
SHALL mature and be paid not later than December thirty-first of
the same calendar year in which such sum [may be] WAS borrowed[;
and provided further, that in]. IN addition to the authority to
borrow, the board of county commissioners [are hereby authorized
to] MAY borrow, on the credit of the county on promissory notes,
such sums of money[,] not to exceed [the sum of two million five
hundred thousand dollars ($2,500,000.00)] $2,500,000 in any one
year for the purpose of paying any expenses or obligations of the
county, even though no specific legislative authority to make the
particular loan [shall have] HAS been first had and obtained.

2-7-46.

(a) The board of county commissioners shall establish
orderly procedures for budgeting and finance which shall:

(2) Provide that THE budgets FOR ALL OPERATING
GENERAL FUNDS, ENTERPRISE FUNDS, INTERNAL SERVICE FUNDS, AND
CAPITAL PROJECT GENERAL FUNDS shall be adopted prior to the
beginning of the fiscal year;

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