ROBERT L. EHRLICH, JR., Governor                               Ch. 28

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, water and sewer infrastructure 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
purpose of refinancing certain fire or emergency-related equipment, buildings, or
other facilities of volunteer fire departments, and to borrow money and incur
indebtedness for those purposes, at one time or from time to time, in an amount not
exceeding, in the aggregate, $23,000,000 and to evidence such borrowing by the
issuance and sale upon its full faith and credit of general obligation bonds in like par
amount, which may be issued at one time or from time to time, in one or more groups
or series, as the County may determine.

SECTION 3. AND BE IT FURTHER ENACTED, That the bonds shall be
issued in accordance with a resolution of the County, which shall describe generally
the construction, improvement, or development of public facilities, including water
and sewer projects and the fire or emergency-related equipment, buildings, or other
facilities of volunteer fire departments in the County, for which the proceeds of the
bond sale are intended and the amount needed for those purposes. The County shall
have and is hereby granted full and complete authority and discretion in the
resolution to fix and determine with respect to the bonds of any issue: the

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