PARRIS N. GLENDENING, Governor                               Ch. 45

Approved April 11, 1995.

CHAPTER 45
(House Bill 180)

AN ACT concerning

Somerset County - General Obligation Debt - Landfill Construction

FOR the purpose of authorizing the County Commissioners of Somerset County to
borrow on the full faith and credit of the County to assist in the financing,
construction, and equipping of a certain landfill; limiting the amount that may be
borrowed to a specified amount; specifying that the borrowing is without limitation
by other law and may be subject to certain terms; providing that certain instruments
may be sold at public or private sale, and at interest rates that the County
Commissioners deem reasonable; making this Act an emergency measure; and
generally relating to the authority of the County Commissioners of Somerset County
to issue certain general obligation debt.

BY adding to

The Public Local Laws of Somerset County
Section 2-312

Article 20 - Public Local Laws of Maryland
(1994 Edition, as amended)

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That the Laws of Maryland read as follows:

Article 20 - Somerset County

2-312.

FOR THE PURPOSE OF ASSISTING IN THE FUNDING OF THE FINANCING,
CONSTRUCTION, AND EQUIPPING OF A NEW SOLID WASTE LANDFILL TO BE
LOCATED AT WESTOVER, MARYLAND, IN SOMERSET COUNTY, THE COUNTY
COMMISSIONERS MAY BORROW ON THE FULL FAITH AND CREDIT OF THE COUNTY
AN AMOUNT NOT TO EXCEED $5,000,000 FROM THE UNITED STATES OR ANY OF ITS
AGENCIES OR FROM PRIVATE LENDING INSTITUTIONS ON THE TERMS AND
CONDITIONS REQUIRED BY THE APPROPRIATE LENDER AND WITHOUT
LIMITATIONS BY PUBLIC GENERAL OR PUBLIC LOCAL LAW. ANY BOND OR NOTE
ISSUED UNDER THIS SECTION MAY BE SOLD AT PUBLIC OR PRIVATE SALE AND AT A
RATE OR RATES OF INTEREST AS THE COUNTY COMMISSIONERS DEEM
REASONABLE.

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