Ch. 539                                         1993 LAWS OF MARYLAND

(1) WITHOUT REGARD TO ANY LIMITATIONS SET FORTH IN ITS
CHARTER OR OTHER APPLICABLE PUBLIC LOCAL OR PUBLIC GENERAL LAW THAT
WOULD OTHERWISE APPLY;

(2) AT A PUBLIC OR PRIVATE SALE, WITH OR WITHOUT PUBLIC
BIDDING; AND

(3) WITHOUT COMPLYING WITH ANY PROCEDURES SET FORTH IN ITS

CHARTER OR OTHER APPLICABLE PUBLIC LOCAL OR PUBLIC GENERAL LAW THAT

WOULD OTHERWISE BE REQUIRED.

(F)      IF A STATE CONSTITUTIONAL PROVISION LIMITS A COUNTY IN
UNDERTAKING A PAYMENT OBLIGATION DESCRIBED IN THIS SECTION OR
REQUIRES A COUNTY TO COMPLY WITH CERTAIN PROCEDURES PRIOR TO
UNDERTAKING A PAYMENT OBLIGATION DESCRIBED IN THIS SECTION, THE COUNTY
MAY PROVIDE THAT THE PAYMENT OBLIGATION:

(1)! IS A LIMITED OBLIGATION OF THE COUNTY REPAYABLE FROM
ASSETS AND REVENUES AS PROVIDED IN THE AGREEMENT; OR

(2); IS SUBJECT TO ANNUAL APPROPRIATION BY THE COUNTY.

(G)     NOTWITHSTANDING ANY LIMITATIONS OR OTHER PROVISIONS TO THE
CONTRARY OF ANY CHARTER OR LOCAL LAW REGULATING THE CREATION OF
PUBLIC DEBTS OR THE FINANCING OF CAPITAL PROJECTS, THE OBLIGATIONS
UNDERTAKEN UNDER THIS SUBTITLE BY PARTICIPATING COUNTIES, THE
BORROWING WHICH THEY REPRESENT, ANY PLEDGE OF THE FULL FAITH AND
CREDIT OF THE PARTICIPATING COUNTIES OR ANY OTHER GUARANTEE OF THE
PARTICIPATING COUNTIES, AND THE PROGRAMS OR PROJECTS BEING FINANCED
ARE NOT SUBJECT TO:                 

(1) ANY REFERENDUM REQUIREMENTS OF THE CHARTER OR OTHER
LOCAL LAW OF THE COUNTIES;

(2) ANY LIMITATION OF THE CHARTER OR LOCAL LAW ON THE RATE
OF TAXATION OR THE AGGREGATE AMOUNT OF TAXES THAT MAY BE LEVIED
WITHIN THE COUNTIES; OR

(3) ANY REQUIREMENT OF CHARTER OR LOCAL LAW AS TO THE FORM
OR PUBLIC SALE OF BONDS OR; OBLIGATIONS OF THE COUNTIES.

3-519.                                               

(A) THE DEPARTMENT; MAY FROM TIME TO TIME ISSUE REVENUE
REFUNDING BONDS UNDER THIS SUBTITLE FOR:
:                                                                                                                                                           

(1)       REFUNDING ANY BONDS ISSUED UNDER THIS SUBTITLE, INCLUDING

THE PAYMENT OF ANY REDEMPTION PREMIUM ON THE BONDS AND ANY INTEREST
ACCRUED OR TO ACCRUE TO THE DATE OF REDEMPTION OF THE BONDS; AND

(2)       REFUNDING ANY BONDS ISSUED UNDER SUBTITLE 3 OF THIS TITLE.

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