Approved April 13, 1999.
CHAPTER 110
(House Bill 933)
AN ACT concerning
Washington County - Public Facilities Bonds
FOR the purpose of authorizing and empowering the County Commissioners of
Washington County, from time to time, to borrow not more than $50,000,000 in
order to finance the costs of construction, improvement, or development of
certain public facilities in Washington County, as herein defined, and to effect
such 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;
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
Washington 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, the following, together with related
architectural, financial, legal, planning or engineering services:
(a) Public school buildings, administrative facilities, sites, and grounds;
(b) Community College buildings, sites, and grounds;
(c) Buildings and facilities for public safety, health and social services,
libraries, County administration purposes, refuse collection, recycling or disposal by
whatever means and park and recreation purposes; and
(d) Acquisition of land or interests in land and any improvement thereon.
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