WILLIAM DONALD SCHAEFER, Governor

Ch. 573

and amount sufficient to provide funds for the payment of the maturing principle 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 the bonds.

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That, as used in this Act, the term "County" means the body politic and
corporate of the State of Maryland known as the County Commissioners of Charles
County; the term "Board" means the Board of County Commissioners of Charles County,
the governing body of the County; and the term "public facilities" means Charles County
Community College, including (without limitation) parking facilities, means of access and
utility services, the acquisition and development, as applicable, of land, structures, real or
personal property, rights, rights-of-way, easements and other interests for such public
facilities, the acquisition and installation of furnishings and equipment for the public
facilities, together with any related financing charges, interest prior to and during
construction (and, if deemed necessary by the County, for a limited period after
completion of construction), interest and reserves for principal and interest and for
extensions, enlargements, additions and improvements, architectural, engineering,
financial, legal, planning and other professional services, plans, specifications, studies,
surveys, estimates of cost and of revenues, administrative expenses necessary or incident
to determining the feasibility or practicability of the public facilities and such other
expenses as may be necessary or incident to the acquisition, construction, improvement,
development, rehabilitation, repair, furnishing and equipping of the public facilities, the
financing or refinancing of such acquisition, construction, improvement, development,
rehabilitation, repair, furnishing and equipping and placing the public facilities in
operation.

SECTION 2. AND BE IF FURTHER ENACTED, That the County is hereby
authorized and empowered to finance any part or all of the costs of the acquisition,
construction, improvement, development, rehabilitation, repair, furnishing and equipping
of the public facilities and to borrow money and incur indebtedness for that purpose, at
one time or from time to time, in a principal amount not exceeding, in the aggregate,
$4,000,000, and to evidence its borrowing by the issuance and sale upon its full faith and
credit of general obligation bonds in like par amount, which may be issued at one time or
from time to time, in one or more groups or series, as the County may determine.

SECTION 3. AND BE IT FURTHER ENACTED, That the bonds shall be issued
pursuant to a resolution of the Board which shall describe generally the public facilities
for which he proceeds of the bond sale are intended and the amount needed for those
purposes. The County shall have and is hereby granted full and complete authority and
discretion in the resolution to fix and determine with respect to the bonds of any issue:
the designation, date of issue, denomination or denominations, form or forms and tenor
of the bonds; the rate or rates of interest payable thereon, or the method of determining
the same which may include a variable rate; the date or dates and amount or amounts of
maturity, which need not be in equal par amounts or in consecutive annual installments,
provided only that no bond of any issue shall mature later than 30 years from the date of
its issue; the manner of selling the bonds, which may be at either public or private sale,
for such price or prices as may be determined to be in the best interest of the County; the

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