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Session Laws, 1988
Volume 770, Page 4710   View pdf image
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Ch. 705                                          LAWS OF MARYLAND

Commission

6-101.

(a) For the purpose of paying for lands or other property
within the district acquired or to be acquired by the Commission,
whether by condemnation or purchase, for parks, parkways,
forests, streets, roads, highways, boulevards, and other public
ways, grounds, and spaces, and for the purposes of public
recreation, or for the development or improvement thereof, the
Commission may issue and sell serial bonds, notes, and other
obligations, which need not be serial, ("bonds") from time to
time in amounts it deems necessary for these purposes and under
rules and regulations the Commission determines.

[(f) (1) For the purpose of paying the cost of any
facilities in Prince George's County, for the use or benefit of
which the Commission proposes to make or authorize a charge, and
which will comprise an integral part of the park and recreation
systems of the Commission, authority is conferred on the
Commission, in addition to all authority conferred elsewhere in
this title, to issue its bonds payable as to principal and
interest: solely or in part from the net or gross rents or
revenues realized by the Commission from any such facilities.
These bonds shall be designated revenue bonds; the amount thereof
which may be issued at any one time shall be limited only by the
cost of the facilities to be financed with the proceeds thereof
and there may not be a limitation on the aggregate amount of such
bonds which may be outstanding at any one time.

(2) As used in this subsection, the following words
have the meanings indicated:

(A)  "Facility" means any improvement or
addition to the park or recreation systems of the Commission for
the use or enjoyment of which the Commission has determined to
make or authorize a charge or fee, or from which it has
contracted to collect rent based on any such charge or fee,
provided a similar fee or charge is made for similar improvements
constructed elsewhere in the park or recreation system. It
includes, but is not restricted to, swimming and bathing
facilities, ice skating rinks, and all buildings, structures,
parking areas, and equipment necessary and incidental to any of
the foregoing. It does not include roads, drives or highways,
sanitary facilities or equipment except to the extent necessary
for the service of any facility, nor does it include schools or
other structures for general education, facilities for the sale
of intoxicating beverages, airports, or air strips, or any
improvement or structure for use in wagering, betting or games of
chance.

(B)  "Cost" means the actual cost of
constructing or acquiring a facility, the cost of improving,

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Session Laws, 1988
Volume 770, Page 4710   View pdf image
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