Ch. 721

1997 LAWS OF MARYLAND

CHAPTER 721

(House Bill 1117)

AN ACT concerning

Carroll County - Public Facilities Bonds

FOR the purpose of authorizing and empowering the County Commissioners of Carroll
County, from time to time, to borrow not more than $18,400,000 in order to finance
the construction, improvement, or development of certain public facilities in Carroll
County, as herein defined, to finance fire and emergency related equipment and
buildings or other facilities of volunteer fire departments in Carroll County, and to
effect such borrowing by the issuance and sale at public or private sale of its general
obligation bonds in like par amount; authorizing and empowering the County to
make loans to the volunteer fire departments in Carroll County from proceeds of
such bonds for the purposes specified herein; 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; providing that nothing in
this Act shall prevent the County from authorizing the issuance and sale of bonds
the interest on which is not excludable from gross income for federal income tax
purposes; and relating generally to the issuance and sale of such bonds.

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That, as used herein, the term "County" means the body politic and
corporate of the State of Maryland known as the County Commissioners of Carroll
County, and the term "construction, improvement, or development of public facilities"
means the acquisition, alteration, construction, reconstruction, enlargement, equipping,
expansion, extension, improvement, rehabilitation, renovation, upgrading, and repair of
public buildings and facilities and public works projects, including, but not limited to,
public works projects such as roads, bridges and storm drains, public school buildings and
facilities, landfills, Carroll Community College buildings and facilities, public operational
buildings and facilities such as buildings and facilities for County administrative use,
public safety, health and social services, libraries, refuse disposal buildings and facilities,
and parks and recreation buildings and facilities, together with the costs of acquiring land
or interests in land as well as any related architectural, financial, legal, planning, or
engineering services.

SECTION 2. AND BE IT FURTHER ENACTED, That the County is hereby
authorized to finance any part or all of the costs of the public facilities described in
Section 1 of this Act, to make loans to each and every volunteer fire department in the
County upon such terms and conditions as may be determined by the County for the

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