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H.B. 335
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VETOES
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Senate Bill 238, which was passed by the General Assembly and signed by me on
April 25, 2000, accomplishes the same purpose. Therefore, it is not necessary for me
to sign House Bill 335.
Sincerely,
Parris N. Glendening
Governor
House Bill No. 335
AN ACT concerning
Baltimore City Charter Amendment - General Powers - Tax Increment
Financing
FOR the purpose of altering the conditions under which Baltimore City may borrow
money by issuing and selling certain bonds to finance and refinance the
development of certain development districts; authorizing the Mayor and City
Council to conditionally pledge certain revenues, subject to annual
appropriation by the Mayor and City Council, to the repayment of certain bonds;
altering the circumstances under which certain ordinances must be submitted to
the legal voters of Baltimore City for approval; and generally relating to tax
increment financing in Baltimore City.
BY repealing and reenacting, with amendments,
The Charter of Baltimore City
Article II - General Powers
Section (62)
(1996 Edition, as amended)
SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That the Laws of Maryland read as follows:
The Charter of Baltimore City
Article II - General Powers
The Mayor and City Council of Baltimore shall have full power and authority to
exercise all of the powers heretofore or hereafter granted to it by the Constitution of
Maryland or by any Public General or Public Local Laws of the State of Maryland;
and in particular, without limitation upon the foregoing, shall have power by
ordinance, or such other method as may be provided for in its Charter, subject to the
provisions of said Constitution and Public General Laws:
(62) (a) (1) To borrow money by issuing and selling bonds, at any time and
from time to time, for the purpose of financing and refinancing the development of an
industrial, commercial, or residential area in Baltimore City. Such bonds shall be
payable from and secured by a pledge of the special fund described in subsection
(d)(3)(ii) of this section and the Mayor and City Council of Baltimore may also
establish sinking funds, establish debt service reserve funds, or pledge other assets
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