Ch. 302

1996 LAWS OF MARYLAND

(E)     THE STATE DOES HEREBY PLEDGE TO AND AGREE WITH ANY PERSON,
FIRM OR CORPORATION, OR FEDERAL AGENCY SUBSCRIBING TO OR ACQUIRING
THE REVENUE BONDS TO BE ISSUED BY THE RECREATIONAL FACILITIES REVENUE
AUTHORITY FOR THE CONSTRUCTION, EXTENSION, IMPROVEMENT, EQUIPPING,
FURNISHING OR ENLARGEMENT OF ANY PROJECT OR PART THEREOF THAT THE
STATE SHALL NOT LIMIT OR ALTER THE RIGHTS HEREBY VESTED IN THE
AUTHORITY UNTIL ANY REVENUE BONDS ISSUED BY THE AUTHORITY, TOGETHER
WITH THE INTEREST THEREON, ARE FULLY MET AND DISCHARGED, IT BEING THE
INTENT OF THIS SECTION THAT THE AUTHORITY SHALL CONTINUE TO HAVE AND
MAY EXERCISE ALL POWERS HEREIN GRANTED, SO LONG AS THE SAME SHALL BE
NECESSARY OR DESIRABLE FOR THE CARRYING OUT OF THE PURPOSES OF THIS
SECTION.

(F)     NO PROVISION OF THE COUNTY CHARTER OR OTHER COUNTY LAW
REGARDING THE DUTIES, POWERS, OR ORGANIZATION OF THE RECREATIONAL
FACILITIES REVENUE AUTHORITY APPLY TO THE AUTHORITY, UNLESS THE COUNTY
EXPRESSLY PROVIDES BY LAW THAT THE CHARTER PROVISION OR LAW APPLIES TO
THE AUTHORITY.

(G)    THE COUNTY EXECUTIVE WITH THE APPROVAL OF THE COUNTY
COUNCIL IS HEREBY AUTHORIZED AND EMPOWERED TO CONVEY TO THE
RECREATIONAL FACILITIES REVENUE AUTHORITY THE COUNTY'S TITLE TO ANY
LANDS, STREETS, ALLEYS, BUILDING, FACILITIES, OR OTHER PUBLIC PLACES.

(H) THE COUNTY EXECUTIVE WITH THE APPROVAL OF THE COUNTY
COUNCIL IS HEREBY AUTHORIZED AND EMPOWERED TO ADVANCE OR ASSIGN TO
THE RECREATIONAL FACILITIES REVENUE AUTHORITY ANY RATES, RENTALS, FEES,
OR CHARGES NOW BEING OR HEREINAFTER RECEIVED BY THE COUNTY, SUCH
ADVANCE OR ASSIGNMENT TO BE MADE FOR THE PURPOSE OF PROVIDING
ADDITIONAL SECURITY FOR ANY BONDS TO BE ISSUED BY THE AUTHORITY OR FOR
SUCH OTHER PURPOSES AS MAY BE AGREED BETWEEN THE AUTHORITY AND THE
COUNTY.

(I) (1) THE COUNTY COUNCIL IS HEREBY AUTHORIZED AND EMPOWERED
TO ADVANCE TO THE RECREATIONAL FACILITIES REVENUE AUTHORITY FROM THE
GENERAL FUNDS OF THE COUNTY, SUMS TO BE USED BY THE AUTHORITY TO
DEFRAY EXPENSES FOR INVESTIGATION, ENGINEERING AND ARCHITECTURAL
STUDIES, OPINIONS, AND COMPENSATION OF EMPLOYEES AND COUNSEL WHICH
MAY BE INCURRED PRIOR TO SALE OF ITS REVENUE BONDS.

(2)     ADVANCES SHALL BE REPAID OUT OF THE FIRST PROCEEDS OF THE
SALE OF REVENUE BONDS BY THE RECREATIONAL FACILITIES REVENUE
AUTHORITY FOLLOWING ANY SUCH ADVANCE.

(3)     THE ADVANCES MAY BE MADE IN ACCORDANCE WITH SUBSECTION
(K) OF THIS SECTION.

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