Ch. 140                                    2004 LAWS OF MARYLAND

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, easements
or similar or related rights in land that restrict the use of agricultural land or
woodland to maintain the character of the land as agricultural land or woodland, 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 financing certain fire or. emergency—related equipment, buildings, or other
facilities of volunteer fire departments, to finance the payment of any unfunded
liability of the County to the State Retirement and Pension System of Maryland, 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, $19,000,000 $31,000,000 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, the fire or emergency-related equipment, buildings, or other
facilities of volunteer fire departments in the County, and the unfunded liability of
the County to the State Retirement and Pension System of Maryland, 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
designation, date of issue, denomination or denominations, form or forms, and tenor
of the bonds which, without limitation, may be issued in registered form within the
meaning of Section 30 of Article 31 of the Annotated Code of Maryland, as amended;
the rate or rates of interest payable thereon, or the method of determining the same,
which may include a variable rate; the date or dates and amount or amounts of
maturity, which need not be in equal par amounts or in consecutive annual
installments, provided only that no bond of any issue shall mature later than 30 years
from the date of its issue; the manner of selling the bonds, which may be at either
public or private sale, for such price or prices as may be determined to be for the best

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