Ch. 517

1997 LAWS OF MARYLAND
CHAPTER 517
(House Bill 1095)

AN ACT concerning

Frederick County - Community Development Authorities

FOR the purpose of authorizing the County Commissioners of Frederick County to
establish community development authorities in specified areas of Frederick County
for purposes of developing and financing certain infrastructure and improvements
under certain circumstances; authorizing the issuance of certain limited obligation
debt under specified conditions; providing for imposition of certain taxes and fees;
authorizing the establishment of certain accounts; specifying purposes for which a
community development authority may be established; requiring certain consent if a
community development authority extends into a municipal corporation; specifying
certain requirements, granting certain authorization, and providing for the effect of
certain provisions and instruments, all relating to community development
authorities and issuance of certain debt; defining certain terms; and generally
relating to the authority of the County Commissioners of Frederick County to
establish special districts known as community development authorities for
financing certain improvements, to impose certain taxes or fees, and to issue debt
for the development and financing of qualifying improvements.

BY adding to

The Public Local Laws of Frederick County

Section 2-7-125 to be under the new article "Article VI. Community Development

Authorities"
Article 11 - Public Local Laws of Maryland
(1979 Edition and June 1996 Supplement, as amended)

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

Article 11 - Frederick County

ARTICLE VI. COMMUNITY DEVELOPMENT AUTHORITIES

2-7-125.

(A) (1) IN THIS SECTION THE FOLLOWING WORDS HAVE THE MEANINGS
INDICATED.

(2) "BOND" MEANS A SPECIAL OBLIGATION BOND, REVENUE BOND,
NOTE, OR SIMILAR INSTRUMENT ISSUED BY THE COUNTY IN ACCORDANCE WITH
THIS SECTION.

(3) "COST" INCLUDES THE COST OF:

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