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2007 Laws of Maryland
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Ch. 382
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purposes of (i) realizing savings with respect to the aggregate; cost of the County
payment liability being funded, on either a direct comparison or present value basis; or
(ii) structuring or restructuring payment liability costs in a manner that (a) in the
aggregate effects a reduction in the total cost of the County payment liability as
described, or (b) is determined by the County to be in the best interests of the County,
to be consistent with the County's long-term financial plan, and to realize a financial
objective of the County, including improving the relationship of liability payment costs
to a source of payments such as taxes, assessments or other charges. Any findings
made by the County in the resolution regarding the public purposes achieved by the
issuance of bonds for such purposes shall be conclusive
SECTION 13. 11. AND BE IT FURTHER ENACTED, That this Act shall take
effect June 1, 2007.
Approved by the Governor, May 8, 2007.
CHAPTER 383
(House Bill 227)
AN ACT concerning
Maryland Transportation Authority - Public-Private Partnerships
FOR the purpose of requiring that the Maryland Transportation Authority provide
certain notice and information to certain committees of the General Assembly
and the Department of Legislative Services prior to issuing a public notice of
procurement related to certain public-private partnership arrangements or
entering into certain public-private partnership arrangements; prohibiting the
Authority from entering into certain public private partnership arrangements
in which the total amount of certain payments exceeds a certain amount
without certain approval from the General Assembly; defining certain terms;
and generally relating to the Maryland Transportation Authority and certain
public-private partnership arrangements.
BY repealing and reenacting, with amendments,
Article - Transportation
Section 4-205(c)
Annotated Code of Maryland
(2001 Replacement Volume and 2006 Supplement)
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