ROBERT L. EHRLICH, JR., Governor                             Ch. 446

PRIVATE LENDING INSTITUTIONS AT TERMS AND RATES THE BOARD OF COUNTY
COMMISSIONERS CONSIDERS REASONABLE.

(C) BEFORE THE BOARD OF COUNTY COMMISSIONERS MAY EXERCISE THE
AUTHORITY GRANTED UNDER SUBSECTION (A) OF THIS SECTION, THE BOARD SHALL:

(1)      HOLD A PUBLIC HEARING IN THE COUNTY ON THE BOARD'S
PROPOSED USE OF THE BORROWED FUNDS;

(2)      PROVIDE ADEQUATE ADVANCE PUBLIC NOTICE OF THE HEARING
THAT MUST INCLUDE A FAIR AND ACCURATE SUMMARY OF THE BOARD'S PROPOSED
USE OF THE FUNDS TO BE BORROWED; AND

(3)      PASS A BORROWING RESOLUTION BY NOT LESS THAN A
FOUR-FIFTHS VOTE OF THE MEMBERS OF THE BOARD.

SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall take effect
June 1, 2004.

Approved May 26, 2004.

CHAPTER 446

(Senate Bill 275)

AN ACT concerning

Real Property - Task Force on Business Owner Compensation in

Condemnation Proceedings

FOR the purpose of establishing a Task Force on Business Owner Compensation in
Condemnation Proceedings; providing for the membership of the Task Force;
providing for the designation of a chairman of the Task Force; providing for staff
for the Task Force; prohibiting a member of the Task Force from receiving
compensation; authorizing a member of the Task Force to receive
reimbursement for certain expenses; requiring the Task Force to study certain
issues; requiring the Task Force to report its preliminary findings to the
Governor and the General Assembly on or before a certain date; requiring the
Task Force to report its final findings to the Governor and the General Assembly
on or before a certain date; providing for the termination of this Act; and
generally relating to the establishment of a Task Force on Business Owner
Compensation in Condemnation Proceedings.

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That:

(a)     There is a Task Force on Business Owner Compensation in Condemnation
Proceedings.

(b)     The Task Force consists of the following members:

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