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Ch. 559
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2000 LAWS OF MARYLAND
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TIMES FROM EVERY KIND AND NATURE OF TAXATION BY THE STATE OR BY ANY OF
ITS POLITICAL SUBDIVISIONS, MUNICIPAL CORPORATIONS, OR PUBLIC AGENCIES OF
ANY KIND.
4-306.4.
THE BONDS ARE INVESTMENT SECURITIES.
4-306.5.
(A) THE TITLE TO ANY PROPERTY ACQUIRED OR CONSTRUCTED UNDER THE
PROVISIONS OF THIS SUBTITLE SHALL BE IN THE NAME OF THE BOARD HELD IN
ACCORDANCE WITH STATE LAW.
(B) (1) THE STATE CONSENTS TO THE USE OF ANY LANDS OWNED BY IT FOR
THE USE OF THE BOARD THAT MAY BE SUITABLE AND NECESSARY FOR THE
CONSTRUCTION OR OPERATION OF ANY OF THE PUBLIC SCHOOL FACILITIES
AUTHORIZED BY THE PROVISIONS OF THIS SUBTITLE.
(2) THE STATE COVENANTS THAT IT WILL NOT REVOKE THIS CONSENT
DURING THE TERM OF BONDS ISSUED UNDER THIS SUBTITLE.
4-306.6.
(A) THE PROVISIONS OF THIS SUBTITLE, BEING NECESSARY FOR THE
WELFARE OF THE CITY OF BALTIMORE AND ITS INHABITANTS, SHALL BE LIBERALLY
CONSTRUED TO EFFECT THE PURPOSES OF THE PROVISIONS.
(B) THE PROVISIONS OF THIS SUBTITLE ARE SEVERABLE, AND IF ANY OF THE
PROVISIONS SHALL BE HELD UNCONSTITUTIONAL BY ANY COURT OF COMPETENT
JURISDICTION, THE DECISION OF THE COURT MAY NOT AFFECT OR IMPAIR ANY OF
THE REMAINING PROVISIONS.
4-313.
(a) By December 31 of each year and on June 30, 2002, the Chief Executive
Officer and the Board shall issue an annual report that includes:
(1) A financial statement;
(2) A comprehensive accounting of progress in the implementation of the
transition plan or master plan including:
(i) Assessment of student performance by the categories required
by the Maryland School Performance Program standards; and
(ii) Specific assessment of the extent of implementation of each
item included in § 4-309 of this subtitle, and any changes necessary in previously
established timelines; [and]
(3) SOURCES OF INCOME AND PAYMENTS OF DEBT SERVICE ON ANY
BONDS ISSUED BY THE BOARD IN ACCORDANCE WITH § 4-306.2 OF THIS SUBTITLE;
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