Ch. 205

2004 LAWS OF MARYLAND

enlargement, equipping, expansion, extension, improvement, rehabilitation,
renovation, upgrading, and repair of public buildings and facilities and public works
projects, including, but not limited to, the following, together with related
architectural, financial, legal, planning, or engineering services:

(a)     Public school buildings, administrative facilities, sites, and grounds;

(b)     Community College buildings, sites, and grounds;

(c)     Buildings and facilities for public safety, health and social services,
libraries, County administration purposes, County airport purposes, refuse collection,
recycling or disposal by whatever means, and park and recreation purposes;

(d)     Acquisition of land or interests in land and any improvement thereon; and

(e)     Easements or similar or related rights in land, including transferable
development rights, that restrict the use of agricultural land or woodland to maintain
the character of the land as agricultural land or woodland.

SECTION 2. AND BE IT FURTHER ENACTED, That the County is hereby
authorized to finance any part or all of the costs of the facilities described in Section
1 of this Act, and to borrow money and incur indebtedness for that purpose, at one
time or from time to time, in an amount not exceeding, in the aggregate, $75,000,000
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 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
interests of the County; the manner of executing and sealing the bonds, which may be
by facsimile; the terms and conditions, if any, under which bonds may be tendered for
payment or purchase prior to their stated maturity; the terms or conditions, if any,
under which bonds may or shall be redeemed prior to their stated maturity; the place
or places of payment of the principal of and the interest on the bonds, which may be
at any bank or trust company within or without the State of Maryland; covenants
relating to compliance with applicable requirements of federal income tax law,
including (without limitation) covenants regarding the payment of rebate or penalties

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