ROBERT L. EHRLICH, JR., Governor                             Ch. 140

(2) a final report of its findings and recommendations to the Governor
and, subject to § 2-1246 of the State Government Article, the General Assembly on or
before December 31, 2005.

(h) The Department of Public Safety and Correctional Services shall provide
staff to the Task Force.

SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall take effect
July 1, 2004. It shall remain effective for a period of 1 year and 6 months and, at the
end of December 31, 2005, with no further action required by the General Assembly,
this Act shall be abrogated and of no further force and effect.

Approved April 27, 2004.

CHAPTER 140
(Senate Bill 784)

AN ACT concerning

Carroll County - Public Facilities Bonds

FOR the purpose of authorizing and empowering the County Commissioners of
Carroll County, from time to time, to borrow not more than $19,000,000
$31,000,000 in order to finance the construction, improvement, or development
of certain public facilities in Carroll County, including water and sewer projects,
to finance fire or emergency-related equipment, buildings, and other facilities of
volunteer fire departments in the county, to finance the payment of any
unfunded liability of the county to the State Retirement and Pension System of
Maryland, and to effect such borrowing by the issuance and sale at public or
private sale of its general obligation bonds in like par amount; empowering the
county to fix and determine, by resolution, the form, tenor, interest rate or rates
or method of determining the same, terms, 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; providing that such borrowing may be undertaken by the county in
the form of installment purchase obligations executed and delivered by the
county for the purpose of acquiring agricultural land and woodland preservation
easements; 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.

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