PARRIS N. GLENDENING, Governor

Ch. 491

(1991 Edition and 1994 Supplement, as amended)

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That the Laws of Maryland read as follows:

Article 17 - Prince George's County

SUBTITLE 21A REVENUE AUTHORITY.
21A-101.

(A)     IN THIS SUBTITLE THE FOLLOWING WORDS HAVE THE MEANINGS
INDICATED.

(B)     "AUTHORITY" MEANS THE REVENUE AUTHORITY ESTABLISHED UNDER §
21A-102 OF THIS SUBTITLE

(C) "BOND" OR "BONDS" MEANS REVENUE BONDS OR NOTES, INCLUDING,
WITHOUT LIMITATION, BOND ANTICIPATION NOTES AND NOTES IN THE NATURE OF
COMMERCIAL PAPER, OR OTHER INSTRUMENTS, CERTIFICATES, OR EVIDENCES OF
OBLIGATION ISSUED AND SOLD OR OFFERED FOR SALE BY THE AUTHORITY,
INCLUDING REFUNDING OBLIGATIONS.

(D) "COST" MEANS THE COST OF OR EXPENSE ASSOCIATED WITH:

(1)      ALL LAND, PROPERTY, RIGHTS, EASEMENTS, FRANCHISES, AND
LICENSES OR INTERESTS THEREIN DEEMED NECESSARY FOR ANY PROJECT;

(2)      ALL LABOR, MATERIALS, MACHINERY, FURNISHINGS, AND
EQUIPMENT;

(3)      FINANCING CHARGES;

(4)      ESTABLISHMENT OF RESERVES;

(5)      INTEREST PRIOR TO AND DURING CONSTRUCTION AND FOR A
REASONABLE PERIOD AFTER COMPLETION OF CONSTRUCTION;

(6)      ENGINEERING, ARCHITECTURAL, AND LEGAL SERVICES;

(7)      PLANS, SPECIFICATIONS, SURVEYS, ESTIMATES OF COST AND OF
REVENUES, AND OTHER EXPENSES NECESSARY OR INCIDENT TO DETERMINING THE
FEASIBILITY OR PRACTICALITY OF ANY PROJECT;

(8)      ADMINISTRATIVE EXPENSES;

(9) LETTERS OR LINES OF CREDIT, MUNICIPAL BOND INSURANCE, OR
ANY OTHER FORM OF FINANCIAL GUARANTY OR SURETY:

(9)      (10) WORKING CAPITAL; AND

(10) (11) OTHER EXPENSES AS MAY BE NECESSARY OR INCIDENT TO
THE CONSTRUCTION, RECONSTRUCTION, RENOVATION, REMODELING,
IMPROVEMENT, EQUIPPING, FURNISHING, MAINTENANCE, ACQUISITION,

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