Ch. 494                                    1995 LAWS OF MARYLAND.

POTOMAC RIVER; ADMINISTRATION, STORAGE, AND OTHER BUILDINGS AND
FACILITIES WHICH THE AUTHORITY MAY DEEM NECESSARY FOR THE OPERATION
OF SUCH PROJECT; AND ALL PROPERTY, RIGHTS, FRANCHISES, EASEMENTS, AND
INTERESTS WHICH MAY BE ACQUIRED BY THE AUTHORITY FOR THE
CONSTRUCTION OR THE OPERATION OF SUCH PROJECT. SUCH PROJECT SHALL BE
SUBSTANTIALLY THE SAME AS THAT RECOMMENDED BY THE WOODROW WILSON
BRIDGE STUDY COORDINATION COMMITTEE, ESTABLISHED IN 1992 BY THE
FEDERAL HIGHWAY ADMINISTRATION, WHICH SHALL BE RESPONSIBLE FOR THE
DEVELOPMENT . OF CONCEPT PLANS, AND ENVIRONMENTAL AND
COMMUNITY-RELATED STUDIES CONCERNING THE PROJECT, WHICH PLANS AND
STUDIES SHALL BE CONDUCTED PURSUANT TO THE NATIONAL ENVIRONMENTAL
PROTECTION ACT AND OTHER APPLICABLE FEDERAL LAWS.

ARTICLE II

BONDS. NOTES, OR OTHER EVIDENCE OF OBLIGATION, NOT TO CONSTITUTE A
DEBT OR PLEDGE OF TAXING POWER

REVENUE BONDS. NOTES, OR OTHER EVIDENCE OF OBLIGATION, ISSUED
UNDER THE PROVISIONS OF THIS ACT SHALL NOT BE DEEMED TO CONSTITUTE A
DEBT OR A PLEDGE OF THE FAITH AND CREDIT OF THE AUTHORITY OR OF ANY
SIGNATORY GOVERNMENT OR POLITICAL SUBDIVISION THEREOF, BUT SUCH
BONDS. NOTES, OR OTHER EVIDENCE OF OBLIGATION, SHALL BE PAYABLE SOLELY
FROM THE FUNDS HEREIN PROVIDED THEREFOR FROM TOLLS AND OTHER
REVENUES. THE ISSUANCE OF REVENUE BONDS, NOTES, OR OTHER EVIDENCE OF
OBLIGATION, UNDER THE PROVISIONS OF THIS ACT SHALL NOT DIRECTLY OR
INDIRECTLY OR CONTINGENTLY OBLIGATE THE AUTHORITY, OR ANY SIGNATORY
GOVERNMENT OR POLITICAL SUBDIVISION THEREOF, TO LEVY OR TO PLEDGE ANY
FORM OF TAXATION WHATEVER THEREFOR. ALL SUCH REVENUE BONDS, NOTES,
OR OTHER EVIDENCE OF OBLIGATION, SHALL CONTAIN A STATEMENT ON THEIR
FACE SUBSTANTIALLY TO THE FOREGOING EFFECT.

ARTICLE III

ADDITIONAL POWERS OF THE AUTHORITY

WITHOUT IN ANY MANNER LIMITING OR RESTRICTING THE POWERS
HERETOFORE GIVEN TO THE AUTHORITY, THE AUTHORITY IS HEREBY
AUTHORIZED AND EMPOWERED:

1.       TO ESTABLISH, FINANCE, CONSTRUCT, MAINTAIN, REPAIR, AND OPERATE
THE PROJECT;                           

2.       CONTINGENT UPON THE EXECUTION OF THE AGREEMENT REFERRED TO
IN CHAPTER I, ARTICLE VIII, SUBJECT TO APPROVAL OF THE GOVERNORS OF
MARYLAND AND VIRGINIA AND THE MAYOR OF THE DISTRICT OF COLUMBIA, TO
ASSUME FULL RIGHTS OF OWNERSHIP OF THE EXISTING WOODROW WILSON
BRIDGE.;

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