WILLIAM DONALD SCHAEFER, Governor                   Ch. 455

SECTION 3. AND BE IT FURTHER ENACTED, That this Act shall
take effect July 1, 1988.

Approved May 17, 1988.

CHAPTER 455

(House Bill 715)

AN ACT concerning

Frederick County - Bond Issue for Public Facilities

FOR the purpose of authorizing and empowering the County
Commissioners of Frederick County, from time to time, to
borrow not more than $31,000,000 in order to finance the
cost of certain public facilities in Frederick 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 methods 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; and relating generally to the issuance and sale of
such bonds by Frederick County.

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That as used herein, the term "County" means the body
politic and corporate of the State of Maryland known as the
County Commissioners of Frederick County; "public facilities"
means the costs of construction and reconstruction of capital
projects including, but not limited to, landfill projects, public
schools, roads, bridges, and flood control projects, including
development of property, acquisition, and installation of
equipment and furnishings, together with any related
architectural, financial, legal, planning, or engineering
services.

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