Ch. 535

1996 LAWS OF MARYLAND

(10)    TO MAKE CONTRACTS OF EVERY NAME AND NATURE, AND TO
EXECUTE ALL INSTRUMENTS NECESSARY OR CONVENIENT FOR THE CARRYING ON
OF ITS BUSINESS;

(11)    TO BORROW MONEY AND ACCEPT GRANTS FROM, AND TO ENTER
INTO. CONTRACTS, LEASES, OR OTHER TRANSACTIONS WITH, ANY FEDERAL
AGENCY; AND

(12)    TO PLEDGE, MORTGAGE ENCUMBER, SELL, LEASE, TRANSFER, OR
CONVEY ANY INTEREST IN ITS REAL AND PERSONAL PROPERTY TO THE COUNTY OR
TO ANY PERSON.

(D)    PROVISIONS OF THE COUNTY CHARTER OR OF OTHER COUNTY LAW
THAT WOULD OTHERWISE APPLY TO A COUNTY AGENCY DO NOT APPLY TO THE
REVENUE AUTHORITY, UNLESS THE COUNTY EXPRESSLY PROVIDES BY LAW THAT
THE CHARTER PROVISION OR LOCAL LAW SO APPLIES.

(E)     (1) THE COUNTY EXECUTIVE MAY CONVEY TO THE REVENUE
AUTHORITY AFTER A PUBLIC HEARING AND WITH THE APPROVAL OF THE COUNTY
COUNCIL THE COUNTY'S TITLE TO ANY LAND, STREETS, ALLEYS, BUILDINGS,
FACILITIES, OR OTHER PUBLIC PLACES, UPON PAYMENT TO THE COUNTY OF THE
REASONABLE VALUE OF SUCH PROPERTIES.

(2)     THE VALUE OF THE PROPERTY SHALL BE DETERMINED BY A STATE
CERTIFIED INDEPENDENT APPRAISER WHOSE APPRAISAL SHALL BE APPROVED BY
THE HARFORD COUNTY BOARD OF ESTIMATES.

(3)     PAYMENT SHALL BE MADE IN CASH OR IN BONDS OF THE REVENUE
AUTHORITY AT PAR VALUE.

(F)     THE COUNTY EXECUTIVE MAY ASSIGN TO THE REVENUE AUTHORITY
AFTER A PUBLIC HEARING AND WITH THE APPROVAL OF THE COUNTY COUNCIL ANY
RATES, RENTALS, FEES, OR CHARGES NOW BEING OR HEREAFTER RECEIVED BY
THE COUNTY. THE ASSIGNMENT IS TO BE FOR THE PURPOSE OF PROVIDING
ADDITIONAL SECURITY FOR ANY BONDS TO BE ISSUED UNDER THIS SECTION OR
FOR ANY OTHER PURPOSES AS MAY BE AGREED TO BETWEEN THE REVENUE
AUTHORITY AND THE COUNTY.

(G)    (1) THE COUNTY COUNCIL MAY ADVANCE TO THE REVENUE
AUTHORITY FROM THE GENERAL FUNDS OF THE COUNTY MONEY TO BE USED BY
THE REVENUE AUTHORITY TO DEFRAY EXPENSES FOR INVESTIGATION,
ENGINEERING AND ARCHITECTURAL STUDIES, OPINIONS, AND COMPENSATION OF
EMPLOYEES AND COUNSEL WHICH MAY BE INCURRED PRIOR TO THE SALE OF ITS
REVENUE BONDS.

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

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