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Session Laws, 2002
Volume 800, Page 1979   View pdf image
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PARRIS N. GLENDENING, Governor Ch. 246
(2) IF A POLITICAL SUBDIVISION SUBJECT TO THE PROVISIONS OF
PARAGRAPH (1) OF THIS SUBSECTION HAS A POPULATION OF MORE THAN 400,000,
THE REPORT REQUIRED UNDER PARAGRAPH (1) OF THIS SUBSECTION MAY BE
SUBMITTED WITHIN 180 DAYS AFTER THE END OF THE FISCAL YEAR OF THE
POLITICAL SUBDIVISION. (c) A report under this section shall be on the form that the Department
provides. (d) A report under this section shall include the affidavit of the financial
officer and all of the following information that applies to the political subdivision: (1) The assessed valuation of taxable and tangible property in the
political subdivision; (2) The total indebtedness of the political subdivision; (3) The following categories of the total indebtedness: (i) Bond indebtedness that is redeemable from the proceeds of
general and ad valorem taxes; (ii) Temporary or floating indebtedness; (iii) Obligations that are incurred in anticipation of tax collection; (iv) Current bills payable; (v) Contingent liability that results from the guaranty of an
obligation of another political subdivision; and (vi) Self-liquidating bond indebtedness; (4) As to self-liquidating bond indebtedness: (i) The amount of indebtedness for each project; and (ii) The source of the revenue for its liquidation; (5) As to each sinking fund for retirement of obligations: (i) Each obligation for which the fund is established; (ii) The amount of the fund; and (iii) The manner in which money in the fund is invested; (6) As to the tax levy for the fiscal year for which the report is made: (i) The amount of the levy imposed; (ii) The amount of the levy collected; and (iii) Separate items for: 1. The amount of any special assessment levied; and
- 1979 -


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Session Laws, 2002
Volume 800, Page 1979   View pdf image
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