Ch. 107                                    1995 LAWS OF MARYLAND.

CHAPTER 107
(House Bill 1360)

AN ACT concerning

Garrett County - Public Facilities Bonds

FOR the purpose of authorizing and empowering the County Commissioners of Garrett
County, from time to time, to borrow not more than $4,000,000 $6,000,000 in order
to finance certain road and bridge projects and, certain public school facilities, and
certain landfill facilities in Garrett County, as herein defined, and to effect such
borrowing by the issuance and sale at public or private sale of its general obligation
bonds in like par amount; limiting the amount of the proceeds that may be used for
both road or bridge projects and, public school facilities, and landfill facilities;
empowering the County to fix and determine, by resolution, the form, tenor, interest
rate or rates or method of determining the same, terms, conditions, maturities, and
all other details incident to the issuance and sale of the bonds; empowering the
County to'" issue refunding bonds for the purchase or redemption of bonds in
advance of maturity; empowering and directing the County to levy, impose, and
collect, annually, ad valorem taxes in rate and amount sufficient to provide funds for
the payment of the maturing principal 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; providing that nothing in this Act shall prevent the County from
authorizing the issuance and sale of bonds the interest on which is not excludable
from gross income for federal income tax purposes; defining certain terms; and
relating generally to the issuance and sale of such bonds.

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That, as used herein, the following terms have the meanings indicated.
The term "County" means the body politic and corporate of the State of Maryland known
as the County Commissioners of Garrett County. The term "road or bridge project"
means the costs of construction, improvement, development, reconstruction, repair,
replacement, or upgrade of any county bridge or road, together with the costs of acquiring
land or interests in land for a project, and any related architectural, financial, legal,
planning, or engineering services in connection with a project. The term "school facility"
means the costs of construction, designing, planning, reconstruction, renovation, repair,
equipping, furnishing, and other capital improvements for public schools in the County,
together with the costs of acquiring land or interests in land for a facility, and any related
architectural, financial, legal, planning, or engineering services in connection with a
facility. The term "landfill facilities" means the costs of closing landfills located in and
owned by the County and the costs of providing leachate management systems for existing
public landfills located in the County, together with the costs of cover material,
monitoring wells and leachate collection and treatment facilities, and any related
engineering, design, construction, planning, financial, or legal services in connection with
the facilities.

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