WILLIAM DONALD SCHAEFER, Governor Ch. 652
issue refunding bonds under certain circumstances as unconditional general
obligations with a pledge of the full faith and credit and unlimited taxing power of
the issuer in the same manner and with the same force and effect as the original
pledge for the bonds to be refunded; and generally relating to certain authority for
local subdivisions and other public entities to issue refunding bonds.
BY adding to
Article 31 - Debt - Public
Section 24(a)(3)
Annotated Code of Maryland
(1990 1993 Replacement Volume)
SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That the Laws of Maryland read as follows:
Article 31 - Debt - Public
(a) (3) (I) IF BONDS TO BE REFUNDED ARE SECURED AS
UNCONDITIONAL GENERAL OBLIGATIONS WITH A PLEDGE OF THE FULL FAITH AND
CREDIT AND UNLIMITED TAXING POWER OF THE ISSUER, THE ISSUER MAY SECURE
AN ISSUE OF REFUNDING BONDS AS UNCONDITIONAL GENERAL OBLIGATIONS WITH
A PLEDGE OF THE FULL FAITH AND CREDIT AND UNLIMITED TAXING POWER OF
THE ISSUER IN THE SAME MANNER AND, WITH RESPECT TO THE APPLICATION OF
PUBLIC GENERAL AND PUBLIC LOCAL LAW AND OTHERWISE, WITH THE SAME
FORCE AND EFFECT AS THE ORIGINAL PLEDGE.
(II) THIS PARAGRAPH MAY NOT BE CONSTRUED TO IN ANY WAY
LIMIT THE AUTHORITY GRANTED UNDER THIS SECTION.
SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall take effect
June 1, 1994.
Approved May 26, 1994.
CHAPTER 652
(House Bill 1258)
AN ACT concerning
Family Law - Costs and Counsel Fees
FOR the purpose of expanding the types of domestic relations cases in which a court may
award costs and counsel fees under certain circumstances to include proceedings to
enforce a decree of custody or visitation; altering the factors that a court is required
to consider before awarding costs and counsel fees; and generally relating to awards
of costs and counsel fees in certain domestic relations cases.
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