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2007 Laws of Maryland
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Ch. 616
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SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That the Laws of Maryland read as follows:
Article 24 - Political Subdivisions - Miscellaneous Provisions
9-1301.
(a) (1) In this section the following words have the meanings indicated.
(2) (i) "Bond" means a special obligation bond, revenue bond, note,
or other similar instrument issued by the county in accordance with this section.
(ii) "Bond" includes a special obligation bond, revenue bond,
note, or similar instrument issued by the revenue authority of Prince George's County.
(3) "Cost" includes the cost of:
(i) Construction, reconstruction, and renovation, and
acquisition of all lands, structures, real or personal property, rights, rights-of-way,
franchises, easements, and interests acquired or to be acquired by the county;
(ii) All machinery and equipment including machinery and
equipment needed to expand or enhance county services to the special taxing district;
(iii) Financing charges and interest prior to and during
construction, and, if deemed advisable by the county, for a limited period after
completion of the construction, interest and reserves for principal and interest,
including costs of municipal bond insurance and any other type of financial guaranty
and costs of issuance;
(iv) Extensions, enlargements, additions, and improvements;
(v) Architectural, engineering, financial, and legal services;
(vi) Plans, specifications, studies, surveys, and estimates of cost
and of revenues;
(vii) Administrative expenses necessary or incident to
determining to proceed with the infrastructure improvements; and
(viii) Other expenses as may be necessary or incident to the
construction, acquisition, and financing of the infrastructure improvements.
(4) IN PRINCE GEORGE'S COUNTY, "COST" INCLUDES THE COST
OF RENOVATION, REHABILITATION, AND REPAIR OF EXISTING BUILDINGS,
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