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Session Laws, 1996
Volume 794, Page 2907   View pdf image
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PARRIS N. GLENDENING, Governor

Ch. 492

21A-110.

NOTWITHSTANDING ANY OTHER PROVISION OF THIS SUBTITLE AND TO THE
EXTENT NOT INCONSISTENT WITH ANY CONSTITUTIONAL OR CHARTER PROVISION
OR ANY PUBLIC GENERAL OR PUBLIC LOCAL LAW, THE AUTHORITY, AS PROVIDED
BY LOCAL LAW, MAY:

(1)     RECEIVE AND APPLY TO ITS CORPORATE PURPOSES AND PROJECTS
ANY GRANTS, CONTRIBUTIONS, PLEDGES, LOANS, OR OTHER AMOUNTS FROM THE
STATE, THE COUNTY, THE FEDERAL GOVERNMENT, ANY OTHER GOVERNMENTAL
UNIT, OR ANY PUBLIC OR PRIVATE ENTITY OR PARTY; AND

(2)     TO THE EXTENT NOT INCONSISTENT WITH ANY CONTRACT,
INSTRUMENT, OR LAW RELATING TO A GRANT, CONTRIBUTION, PLEDGE, LOAN, OR
OTHER AMOUNT, PLEDGE THE RECEIPTS AS SECURITY FOR ANY OF ITS BONDS.

21A-111.

(A)    THE PROPERTY OWNED OR CONTROLLED BY, AND THE REVENUES OF,
THE AUTHORITY ARE EXEMPT FROM TAXATION OF EVERY KIND BY THE STATE OR
BY ANY OF ITS POLITICAL SUBDIVISIONS, MUNICIPAL CORPORATIONS, OR PUBLIC
UNITS.

(B)     THE AUTHORITY MAY REQUIRE A PAYMENT IN LIEU OF TAXES FROM
ANY USER OR LESSEE OF ANY PROPERTY OR PRODUCT OF THE AUTHORITY.

21A-112.

(A)    THE NET EARNINGS OF THE AUTHORITY, APART FROM THOSE
NECESSARY TO PAY DEBT SERVICE OR TO IMPLEMENT THE PURPOSES OF THIS
SUBTITLE, MAY NOT INURE TO THE BENEFIT OF ANY PERSON OTHER THAN THE
COUNTY.

(B)     ON TERMINATION OF THE AUTHORITY, ALL RIGHTS AND TITLE TO ALL
ASSETS OF THE AUTHORITY SHALL VEST IN, AND ALL OBLIGATIONS AND ASSETS OF
THE AUTHORITY SHALL BE TRANSFERRED TO AND BE ASSUMED BY, THE COUNTY.

SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall take effect
June 1, 1996.

Approved May 14, 1996.

CHAPTER 492
(House Bill 752)

AN ACT concerning

State Buildings - Pictures of Abducted Children

FOR the purpose of requiring the Department of General Services, the Department of
Transportation, and the University of Maryland System to reserve space in all State

- 2907 -

 

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Session Laws, 1996
Volume 794, Page 2907   View pdf image
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