Ch. 517

1997 LAWS OF MARYLAND

GUARD HOUSES, FENCING, LANDSCAPING IMPROVEMENTS, CURBS AND GUTTERS,
MUSEUMS AND CULTURAL FACILITIES, DAMS, FLOOD MITIGATION USES, LIBRARIES,
TRANSIT FACILITIES, SOLID WASTE FACILITIES, AND OTHER INFRASTRUCTURE
IMPROVEMENTS AS NECESSARY, WHETHER SITUATED WITHIN THE COMMUNITY
DEVELOPMENT AUTHORITY OR OUTSIDE THE COMMUNITY DEVELOPMENT
AUTHORITY, IF THE INFRASTRUCTURE IMPROVEMENT IS REASONABLY RELATED
TO OTHER INFRASTRUCTURE IMPROVEMENTS WITHIN THE COMMUNITY
DEVELOPMENT AUTHORITY, FOR THE DEVELOPMENT AND UTILIZATION OF THE
LAND, EACH WITH RESPECT TO ANY DEFINED GEOGRAPHIC REGION WITHIN THE
COUNTY.

(C) (1) NOTWITHSTANDING ANY OTHER PROVISION OF PUBLIC LOCAL LAW
OR PUBLIC GENERAL LAW, AND IN ADDITION TO OTHER POWERS THAT THE
COUNTY MAY HAVE, THE COUNTY COMMISSIONERS MAY BORROW MONEY BY
ISSUING AND SELLING BONDS FOR ANY OF THE PURPOSES STATED IN SUBSECTION
(B)(2) OF THIS SECTION IF A REQUEST IS MADE BY BOTH:

(I) THE OWNERS OF AT LEAST TWO-THIRDS OF THE ASSESSED
VALUATION OF THE REAL PROPERTY LOCATED WITHIN THE COMMUNITY
DEVELOPMENT AUTHORITY; AND

(II) AT LEAST TWO-THIRDS OF THE OWNERS OF THE REAL
PROPERTY LOCATED WITHIN THE COMMUNITY DEVELOPMENT AUTHORITY,
PROVIDED THAT:

1. MULTIPLE OWNERS OF A SINGLE PARCEL ARE TREATED

AS ONE OWNER; AND

2. A SINGLE OWNER OF MULTIPLE PARCELS IS TREATED AS

ONE OWNER.

(2) THIS SECTION IS SELF-EXECUTING AND DOES NOT REQUIRE THE
COUNTY COMMISSIONERS TO ENACT LEGISLATION TO EXERCISE THE POWERS
GRANTED UNDER THIS SECTION.

(D) (1) ANY BONDS ISSUED UNDER THIS SECTION SHALL BE PAYABLE FROM
THE SPECIAL FUND REQUIRED UNDER SUBSECTION (E) OF THIS SECTION.

(2) IF THE COUNTY COMMISSIONERS ISSUE BONDS UNDER THIS
SECTION, THE COUNTY COMMISSIONERS MAY:

(I) ESTABLISH SINKING FUNDS;

(II) ESTABLISH DEBT SERVICE RESERVE FUNDS;

(III) PLEDGE OTHER ASSETS AND REVENUES TOWARDS THE
PAYMENT OF THE PRINCIPAL AND INTEREST; OR

(TV) PROVIDE FOR MUNICIPAL BOND INSURANCE OR ANY OTHER
TYPE OF FINANCIAL GUARANTY OF THE BONDS.

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