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PARRIS N. GLENDENING, Governor
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Ch. 477
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(I) THE AMOUNT OF THE TAX SET BY THE CHARLES COUNTY
COMMISSIONERS FOR EACH DWELLING TYPE;
(II) THE AMOUNT OF PROCEEDS DERIVED FROM THE ISSUANCE
AND SALE OF THE COUNTY'S NEW SCHOOL CAPACITY CONSTRUCTION BONDS;
(III) THE NUMBER OF PARCELS OF REAL PROPERTY IMPROVED BY
NEW RESIDENTIAL DEVELOPMENT IN CHARLES COUNTY; AND
(IV) THE NUMBER OF SQUARE FEET OF NEW PUBLIC SCHOOL
CAPACITY APPROVED FOR CONSTRUCTION IN CHARLES COUNTY BY THE
INTERAGENCY COMMITTEE ON SCHOOL CONSTRUCTION.
SECTION 2. AND BE IT FURTHER ENACTED, That notwithstanding the
repeal of Charles County's authority to impose impact fees in Section 1 of this Act, any
impact fees stay in effect until an ordinance implementing the levy of the fair share
school construction excise tax becomes effective.
SECTION 3. AND BE IT FURTHER ENACTED, That if revenues from the fair
share school construction excise tax authorized for Charles County under this Act are
insufficient to pay the principal, interest, and premium on the new school capacity
construction bonds as authorized under this Act, the County Commissioners of
Charles County may impose an ad valorem tax on all assessable property within the
county and impose any other tax the County is authorized to levy at a rate sufficient
to provide for the payments on the bonds.
SECTION 3. 4. AND BE IT FURTHER ENACTED, That the authority to borrow
money and issue bonds conferred on Charles County by this Act shall be deemed to
provide additional, alternative, and supplemental authority for borrowing money and
shall be regarded as supplemental and additional to powers conferred upon the
county by other laws and shall not be regarded as in derogation of any power now
existing. All Acts of the General Assembly passed authorizing the county to borrow
money are continued to the extent that the powers contained in such Acts have not
been exercised, and nothing contained in this Act may be construed to impair the
validity of any bonds that may have been issued by the county under the authority of
such Acts, and the validity of the bonds is ratified, confirmed, and approved.
SECTION 4. 5. AND BE IT FURTHER ENACTED, That, except as otherwise
provided in Section 2 of this Act, this Act shall take effect June 1, 2002.
Approved May 16, 2002.
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CHAPTER 477
(Senate Bill 631)
AN ACT concerning
Commercial Law - Uniform Commercial Code - Secured Transactions -
Scope
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- 3803 -
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