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Session Laws, 1996
Volume 794, Page 2742   View pdf image
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Ch. 439                                    1996 LAWS OF MARYLAND

SECTION 2. AND BE IT FURTHER ENACTED, That Section(s) 20-101(v), (w),
(x), (y), (z), and (aa), respectively, of Article - State Personnel and Pensions of the
Annotated Code of Maryland be renumbered to be Section(s) 20-101(w), (x), (y), (z),
(aa), and (v), respectively.

SECTION 3. AND BE IT FURTHER ENACTED, That, subject to the approval of
the Director of the Department of Legislative Reference, the publishers of the Annotated
Code of Maryland shall propose the correction of cross-references that are rendered
incorrect by this Act and shall correct the references to the Natural Resources Law
Enforcement Officers' Pension System or the Natural Resources Pension System that are
rendered incorrect by this Act.

SECTION 4. AND BE IT FURTHER ENACTED, That this Act shall take effect
July 1, 1996.

Approved May 14, 1996.

CHAPTER 439
(House Bill 254)

AN ACT concerning

St Mary's County - Public Facilities Bonds

FOR the purpose of authorizing and empowering the County Commissioners of St.
Mary's County, from time to time, to borrow not more than $10,000,000 in order to
finance the construction, improvement, or development of certain public facilities in
St. Mary's 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;
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; 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 term "County" means the body politic and
corporate of the State of Maryland known as the County Commissioners of St. Mary's
County, and the term "construction, improvement, or development of public facilities"
means the acquisition, alteration, construction, reconstruction, enlargement, equipping,

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Session Laws, 1996
Volume 794, Page 2742   View pdf image
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