PARRIS N. GLENDENING, Governor Ch. 617
(ii) has undergone the lead hazard reduction treatments and complies
with the risk reduction standard under § 6-815(a)(2) of the Environment Article: and
(3) if the insured submits to the authorized insurer a current verified report
completed by an accredited inspector under § 6-818 of the Environment Article certifying
that the affected property complies with the standards set forth in item (2) of this
subsection.
SECTION 2. 4. AND BE IT FURTHER ENACTED, That Section 1 of this Act
shall take effect June 1, 1997.
SECTION 5. AND BE IT FURTHER ENACTED, That Section 2 of. this Act
shall take effect June 1. 1997, and shall remain in effect until October 1. 1997.
SECTION 6. AND BE IT FURTHER ENACTED, That Section 3 of this Act
shall take effect October 1, 1997.
Approved May 22, 1997.
CHAPTER 617
(Senate Bill 674)
AN ACT concerning
Cecil County - Public School and Community College Bonds
FOR the purpose of authorizing and empowering the County Commissioners of Cecil
County from time to time, to borrow not more than $5,000,000 in order to finance
the cost of certain public school facilities in Cecil County and to effect that
borrowing by the issuance and sale at public or private sale of its general obligation
bonds in like par amount; empowering the County to fix and determine, by
resolution, the form, tenor, interest rate or rates, or method of determining the
same, terms, conditions, maturities, and all other details incident to the issuance
and sale of the bonds; empowering the County to issue refunding bonds for the
purchase or redemption of bonds in advance of maturity; empowering and directing
the County to levy, impose, and collect, annually, ad valorem taxes in rate and
amount sufficient to provide funds for the payment of the maturing principal of and
interest on the bonds; exempting the bonds and refunding bonds, and the interest
thereon and any income derived therefrom, from all State, county, municipal, and
other taxation in the State of Maryland; and relating generally to the issuance and
sale of the bonds.
SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That, as used in this Act, the term "County" means the body politic and
corporate of the State of Maryland known as the County Commissioners of Cecil County;
and the term "public school facilities" means the costs of planning, designing, renovation,
repair, reconstruction and construction projects and other capital improvements to Cecil
County public schools and Cecil County Community College, including any related
architectural, financial, legal, planning, or engineering services.
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