WILLIAM DONALD SCHAEFER, Governor Ch. 432

payments may be made monthly by the County directly to eligible
recipients.

SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall
take effect July 1, 1989.

Approved May 19, 1989.

CHAPTER 432

(House Bill 715)

AN ACT concerning

Carroll County - Public Facilities Bonds

FOR the purpose of authorizing and empowering the County
Commissioners of Carroll County, from time to time, to
borrow not more than $11,500,000 in order to finance the
cost of certain public facilities in Carroll County,
including, but not limited to, public works projects such as
roads, bridges and storm drains, public school buildings and
facilities, Carroll Community College buildings and
facilities, public operational buildings and facilities such
as buildings and facilities for public safety, health and
social services, libraries, and County administration
purposes, refuse disposal buildings and facilities and parks
and recreation buildings and facilities, all 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 method of determining the same, terms, conditions,
maturities and all other details incident to the issuance
and sale of the bonds; empowering the County to enter into
agreements for the purpose of enhancing the marketability of
and security for the bonds and for the purpose of securing
any tender option; empowering the County to issue refunding
bonds for the payment at maturity or 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 generally relating to
the issuance and sale of such bonds.

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