Ch. 187                                    2004 LAWS OF MARYLAND

COSTS AND REVENUE, AND OTHER EXPENSES NECESSARY OR DESIRABLE FOR
DETERMINING THE FEASIBILITY OR PRACTICALITY OF CONSTRUCTION OF ANY
PROJECT;

(5) RESERVES FOR THE PAYMENT OF DEBT SERVICE, OPERATING
RESERVES, AND REPAIR AND REPLACEMENT FUNDS; AND

(6) ADMINISTRATIVE EXPENSES AND OTHER EXPENSES NECESSARY OR
ALLOCABLE TO ANY PROJECT, THE FINANCING OR REFINANCING OF ANY PROJECT,
THE ISSUANCE OF BONDS, AND THE PLACING OF ANY PROJECT IN OPERATION.

(G) "PROJECT" MEANS THE ACQUISITION, CONSTRUCTION, RECONSTRUCTION,
EQUIPPING, MAINTENANCE, REPAIR, OR RENOVATION OF ANY PUBLIC SCHOOL
FACILITY.

(H) "PUBLIC SCHOOL FACILITY" MEANS A BUILDING, PARKING FACILITY,
ATHLETIC FACILITY, TESTING FACILITY, OR OTHER FACILITY IN PRINCE GEORGE'S
COUNTY, NOW EXISTING OR HEREAFTER ACQUIRED OR CONSTRUCTED, THAT IS
USED BY THE BOARD IN RELATION TO THE EDUCATION OF STUDENTS IN THE PRINCE
GEORGE'S COUNTY PUBLIC SCHOOL SYSTEM.

4-412.

(A) IN ORDER TO PROVIDE PUBLIC SCHOOL FACILITIES, THE BOARD MAY:

(1) ACQUIRE, CONSTRUCT, RECONSTRUCT, EQUIP, MAINTAIN, REPAIR,
OR RENOVATE FACILITIES AT ANY LOCATION IN PRINCE GEORGE'S COUNTY, NOW
EXISTING OR HEREAFTER ACQUIRED;

(2) ISSUE BONDS IN ACCORDANCE WITH THE PROCEDURES,
REQUIREMENTS, AND LIMITATIONS APPLICABLE TO THE ISSUANCE OF BONDS BY
THE BALTIMORE CITY BOARD OF SCHOOL COMMISSIONERS OF THE BALTIMORE CITY
PUBLIC SCHOOL SYSTEM UNDER § 4-306.2 OF THIS TITLE;

(3) IN ACCORDANCE WITH STATE LAW, ACQUIRE, HOLD, AND DISPOSE
OF REAL AND PERSONAL PROPERTY IN THE EXERCISE OF ITS POWERS AND THE
PERFORMANCE OF ITS DUTIES UNDER THIS SUBTITLE;

(4) ENTER INTO ALL CONTRACTS AND AGREEMENTS NECESSARY OR
INCIDENTAL TO THE PERFORMANCE OF ITS DUTIES AND THE EXECUTION OF ITS
POWERS UNDER THIS SUBTITLE, EMPLOY CONSULTING ENGINEERS, ARCHITECTS,
ATTORNEYS, CONSTRUCTION AND FINANCIAL EXPERTS, AND OTHER EMPLOYEES
AND AGENTS, AND DETERMINE THEIR COMPENSATION;

(5) RECEIVE AND ACCEPT FROM THE UNITED STATES OF AMERICA OR
ANY AGENCY OF THE FEDERAL GOVERNMENT GRANTS AND LOANS FOR THE
PURPOSE OF FINANCING OR REFINANCING ALL OR ANY PART OF THE COSTS OF ANY
PROJECT;

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