PARRIS N. GLENDENING, Governor

Ch. 535

(H) (1) SUBJECT TO PARAGRAPH (2) OF THIS SUBSECTION THE REVENUE
AUTHORITY MAY ISSUE REVENUE BONDS, NOTES, OR OTHER EVIDENCES OF
INDEBTEDNESS ON BEHALF OF THE COUNTY FOR THE PUBLIC PURPOSES OF THE
COUNTY.

(2) (I) BONDS ISSUED BY THE REVENUE AUTHORITY FOR THE SOLE
PURPOSE TO FINANCE UTILITY FACILITIES MAY NOT MATURE LATER THAN 30 YEARS
FROM THE DATE OF ISSUE.

(II) BONDS ISSUED BY THE REVENUE AUTHORITY FOR OTHER
PURPOSES MAY NOT MATURE LATER THAN 20 YEARS FROM THE DATE OF ISSUE.

(I) (1) REVENUE BONDS, CERTIFICATES, OR OTHER EVIDENCES OF
INDEBTEDNESS ISSUED UNDER THE PROVISIONS OF THIS SECTION MAY NOT BE
DEEMED TO CONSTITUTE A DEBT OF THE COUNTY OR A PLEDGE OF THE FAITH AND
CREDIT OF THE COUNTY OR OF THE STATE OF MARYLAND OR ANY POLITICAL
SUBDIVISION OF THE STATE OF MARYLAND.

(2)      THE REVENUE BONDS, CERTIFICATES, OR OTHER EVIDENCES OF
INDEBTEDNESS SHALL BE PAYABLE FROM THE FUNDS OF THE REVENUE
AUTHORITY PROVIDED FROM REVENUES OF THE PROJECT OR PROJECTS OF THE
REVENUE AUTHORITY.

(3)      REVENUE BONDS SHALL CONTAIN A STATEMENT ON THEIR FACE TO
THE EFFECT THAT THE FULL FAITH AND CREDIT OF THE COUNTY, STATE, OR ANY
POLITICAL SUBDIVISION OF THE STATE OF MARYLAND IS NOT PLEDGED TO PAY
SUCH BONDS OR THE INTEREST THEREON.

(4)      EXCEPT AS OTHERWISE PROVIDED IN PARAGRAPH (5) OF THIS
SUBSECTION, THE ISSUANCE OF THE REVENUE BONDS, CERTIFICATES, OR OTHER
EVIDENCES OF INDEBTEDNESS UNDER THE PROVISIONS OF THIS SECTION MAY NOT
DIRECTLY, INDIRECTLY, OR CONTINGENTLY OBLIGATE HARFORD COUNTY TO
LEVY OR PLEDGE ANY FORM OF TAXATION OR ANY APPROPRIATION FOR THEIR
PAYMENT.

(5)      THE COUNTY EXECUTIVE MAY, WITH THE APPROVAL OF THE
COUNCIL, COLLATERALLY AGREE TO PROVIDE SUFFICIENT MONEY FROM THE
GENERAL FUND OF THE COUNTY TO PAY ANY DEFICIENCY IN THE DEBT SERVICE
REQUIREMENTS OF SUCH BONDS FOR ANY YEAR IN WHICH THERE IS A DEFICIT.

(6)      AN ADVANCE OF MONEY FROM THE GENERAL FUND OF THE
COUNTY SHALL BE REPAID FROM THE RECEIPTS, RENTALS, OR REVENUES OF THE
AUTHORITY IN THE NEXT SUCCEEDING YEAR IN WHICH SUCH RECEIPTS, RENTALS,
OR REVENUES EXCEED DEBT SERVICE REQUIREMENTS AND OPERATING EXPENSES.

(7)      AN ADVANCE OF MONEY FROM THE GENERAL FUND OF THE
COUNTY UNDER ANY AGREEMENT OR AGREEMENTS MAY NOT EXCEED A
MAXIMUM AMOUNT ESTABLISHED BY LOCAL LAW, OR IN THE ABSENCE OF LOCAL
LAW ESTABLISHING A CAP ON ADVANCES, A MAXIMUM PAYMENT BY THE COUNTY
OF $25,000 FOR ANY SINGLE YEAR.

(8) THE AUTHORITY MAY NOT ISSUE ANY BONDS IF SUCH ISSUANCE WOULD

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