S.B. 810

VETOES

(i) A "concern", as defined in § 112(3)(a) of Title I, Part B, Subtitle
A, concerning the financing of synthetic fuel projects;

(ii) A "person", as defined in Title II, § 203(17), concerning the
financing of biomass energy, municipal solid waste, and alcohol fuels projects;

(iii) A "government corporation", as used in Title II, Subtitle C, § 252,
concerning the financing of other biomass energy projects; and

(iv) A "person", as used in Title VI, Subtitle A, § 611, concerning the
financing of geothermal energy projects.

(2) The Administration is considered to be a "nonprofit organization", as
used in §§ 402 and 403 of Title IV of the Public Utility Regulatory Policies Act of 1978,
P.L. 95-617, concerning small-scale hydropower projects.

(e)     (1) It is a condition precedent for the provision of financial assistance for an
energy project that is delineated in [§ 6-302(h)(4)(i)] § 6-402(H)(4)(I), (h)(6), or (h)(8) of
this subtitle that the political subdivision in which the energy project will be located shall
adopt a resolution that shall:

(i) Specify and describe the energy project; and

(ii) Generally describe the public purpose to be served by the energy
project.

(2) A resolution adopted under this section is administrative in nature, is
not subject to procedures required for legislative acts, and is not subject to referendum.

(f)      The Administration shall promote the development of energy projects in
accordance with plans and strategies the Administration may develop in conformance
with the factors delineated in[ § 6-306(a)] § 6-406(A) of this subtitle and that are
otherwise consistent with State policies generally relating to energy, economic
development, and environmental quality.

[6-308.] 6-408.

(a) (1) The Administration may issue bonds to obtain funds to provide financial
assistance for energy projects in accordance with this subtitle. Every issuance of bonds
shall be pursuant to a determination of the Administration that the issuance is necessary
to achieve one or more purposes of the Administration. The determination shall be made
by the Director of the Administration or any person designated by the Secretary and
approved by the Secretary. Except as otherwise may be expressly provided by the
Administration, every issue of its bonds shall be general obligations of the Administration
that are supported by the full faith and credit of the Administration and that are payable
from and secured by a pledge of revenues of the Administration available therefor and
not otherwise pledged, but the obligation to pay such bonds and the pledge of such
revenues shall be subject to any agreements with holders of particular bonds which pledge
particular revenues and to any other agreements with other persons. The Administration
may issue its bonds without obtaining the consent of any board, agency, department or
unit of the State, and without any other proceeding or the happening of any condition or
things other than those specifically required under this subtitle; provided, that prior to

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