Ch. 491

1996 LAWS OF MARYLAND

OPERATION, OR FINANCING OR REFINANCING OF A PROJECT, INCLUDING, THE
PURCHASE, REMODELING, RENOVATION, OR RECONSTRUCTION OF ANY EXISTING
FACILITY ACQUIRED BY THE AUTHORITY AS A PROJECT AND PLACING A PROJECT IN
OPERATION.

(E)     "COUNTY" MEANS PRINCE GEORGE'S COUNTY, MARYLAND.

(F)     "LOCAL LAW" MEANS A LEGISLATIVE ACT OF THE COUNTY.

(G)    "PROJECT" MEANS ANY STRUCTURE, FACILITY, OR UNDERTAKING, OR
ANY COMBINATION THEREOF OF A SIMILAR CLASS OR CHARACTER, WHICH THE
AUTHORITY IS AUTHORIZED TO CONSTRUCT, RECONSTRUCT, REMODEL,
RENOVATE, IMPROVE, EQUIP, FURNISH, MAINTAIN, ACQUIRE, OPERATE, CONTROL,
REGULATE, FINANCE, OR REFINANCE.

21A-102.

(A)    THE GOVERNING BODY OF THE COUNTY IS AUTHORIZED TO CREATE, BY
LOCAL LAW, A BODY CORPORATE AND POLITIC AND A UNIT OF THE COUNTY
KNOWN AS THE "REVENUE AUTHORITY OF PRINCE GEORGE'S COUNTY".

(B)     THE AUTHORITY SHALL BE CREATED WHEN THE COUNTY:

(1)     PASSES LOCAL LAWS PROVIDING AND CONSTITUTING THE TERMS
OF THE CHARTER FOR THE AUTHORITY; AND

(2)      FILES THE CHARTER WITH:

(I)      THE DEPARTMENT OF ASSESSMENTS AND TAXATION;

(II)     THE DEPARTMENT OF LEGISLATIVE REFERENCE; AND
(III) THE SECRETARY OF STATE

(C)     THE COUNTY MAY:

(1)     AMEND THE AUTHORITY'S CHARTER THROUGH LOCAL LAW IF THE
AMENDMENTS ARE FILED WITH THE DEPARTMENT OF ASSESSMENTS AND
TAXATION, THE DEPARTMENT OF LEGISLATIVE REFERENCE, AND THE SECRETARY
OF STATE;

(2)     CHANGE THE STRUCTURE, ORGANIZATION, PROGRAM, POWERS, OR
ACTIVITY OF THE AUTHORITY UNLESS THE CHANGE WOULD IMPAIR THE
AUTHORITY'S OBLIGATIONS UNDER A CONTRACT OR AGREEMENT THE AUTHORITY
ENTERED INTO BEFORE THE CHANGE; AND

(3)     TERMINATE THE AUTHORITY UNLESS THE TERMINATION WOULD
IMPAIR THE AUTHORITY'S OBLIGATIONS UNDER A CONTRACT OR AGREEMENT THE
AUTHORITY ENTERED INTO BEFORE THE TERMINATION.

(D)    BEFORE THE COUNTY ESTABLISHES THE AUTHORITY, THE COUNTY SHALL
HOLD A PUBLIC HEARING, WHICH:

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