WILLIAM DONALD SCHAEFER, Governor Ch. 452

(C)   "BONDS" MEANS NOTES, BONDS AND OTHER EVIDENCES OF
INDEBTEDNESS.

(D)   "CARROLL COUNTY" MEANS THE GEOGRAPHIC AREA WITHIN THE
CORPORATE LIMITS OF CARROLL COUNTY.

(E)   "COLLECTION" MEANS THE TRANSPORTING OF SOLID WASTE FROM
A TRANSFER STATION OR OTHER INTERMEDIATE DISPOSAL FACILITY.------

(E) (F) (1) "COST", AS APPLIED TO A SOLID WASTE PROJECT,
MEANS:

(I)  THE COST OF CONSTRUCTION OR ACQUISITION,
INCLUDING THE PURCHASE PRICE, OF ANY SOLID WASTE PROJECT OR THE
COST OF ACQUIRING ALL OR ANY PORTION OF THE RIGHT, TITLE OR
INTEREST IN THE PROJECT AND THE AMOUNT TO BE PAID TO DISCHARGE
ALL OBLIGATIONS NECESSARY TO VEST TITLE TO THE PROJECT OR ANY
PART OF IT IN THE COUNTY;

(II)  THE COST OF ANY RECONSTRUCTION, EXTENSION,
ENLARGEMENT, ALTERATION, REPAIR, OR IMPROVEMENT;

(III)  THE COST OF CLOSURE OF ANY LANDFILL;

(IV)  THE COST OF ALL LANDS, PROPERTIES, RIGHTS,
EASEMENTS, INTERESTS, FRANCHISES, AND PERMITS ACQUIRED;

(V)  THE COST OF ALL LABOR, MACHINERY AND
EQUIPMENT, FINANCING CHARGES, INTEREST PRIOR TO AND DURING
CONSTRUCTION AND FOR SUCH PERIOD AFTER COMPLETION OF CONSTRUCTION
AS THE BOARD DEEMS APPROPRIATE;

(VI)  THE COST OF REVENUE ESTIMATES, ENGINEERING
AND LEGAL SERVICES, PLANS, DESIGNS, SPECIFICATIONS, SURVEYS,
INVESTIGATIONS, DEMONSTRATIONS, STUDIES, ESTIMATES OF COST, OTHER
EXPENSES NECESSARY OR INCIDENT TO DETERMINING THE FEASIBILITY OR
PRACTICABILITY OF ANY SUCH ACQUISITION, IMPROVEMENT, OR
CONSTRUCTION;

(VII)  ADMINISTRATIVE EXPENSES, AND OTHER
EXPENSES NECESSARY OR INCIDENTAL TO THE FINANCING HEREIN
AUTHORIZED, AND TO THE ACQUISITION, OPERATION, MAINTENANCE,
IMPROVEMENT, OR CONSTRUCTION OF SOLID WASTE PROJECTS, AND THE
PLACING OF THESE PROJECTS IN OPERATION, INCLUDING REASONABLE
PROVISION FOR WORKING CAPITAL;

(VIII)  RESERVES FOR PRINCIPAL AND INTEREST AND
FOR EXTENSIONS, ENLARGEMENTS, ADDITIONS AND IMPROVEMENTS.

(2) ANY OBLIGATION OR EXPENSE INCURRED PRIOR TO THE
ISSUANCE OF BONDS OR NOTES UNDER THE PROVISIONS OF THIS SUBTITLE
IN CONNECTION WITH THE ITEMS IN THIS SUBSECTION RELATING TO COST
MAY BE REGARDED AS A PART OF THAT COST.

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