Maryland legislation · 2025 Regular Session
Maryland SB416: Carroll County - Public Facilities Bond
Status: Introduced, January 30, 2025
Authorizing and empowering the County Commissioners of Carroll County to borrow not more than $36,900,000 in order to finance the construction, improvement, or development of certain public facilities in Carroll County and to effect such borrowing by the issuance and sale at public or private sale of its general obligation bonds; etc.
What the bill says
A bill ENTITLED AN ACT concerning Carroll County - Public Facilities Bond FOR the purpose of authorizing and empowering the County Commissioners of Carroll County, from time to time, to borrow not more than $36,900,000 in order to finance the construction, improvement, or development of certain public facilities in Carroll County, including water and sewer projects, to finance loans for fire or emergency-related equipment, buildings, and other facilities of volunteer fire departments in the County, and to effect such borrowing by the issuance and sale at public or private sale of its general o…
From the introduced text, January 21, 2025:
A BILL ENTITLED AN ACT concerning Carroll County - Public Facilities Bond FOR the purpose of authorizing and empowering the County Commissioners of Carroll County, from time to time, to borrow not more than $36,900,000 in order to finance the construction, improvement, or development of certain public facilities in Carroll County, including water and sewer projects, to finance loans for fire or emergency-related equipment, buildings, and other facilities of volunteer fire departments in the County, and to effect such borrowing by the issuance and sale at public or private sale of its general obligation bonds in like par amount; empowering the County to fix and determine, by resolution, the form, tenor, interest rate or rates or method of determining the same, terms, conditions, maturities, and all other details incident to the issuance and sale of the bonds; empowering the County to issue refunding bonds for the purchase or redemption of bonds in advance of maturity; providing that such borrowing may be undertaken by the County in the form of installment purchase obligations executed and delivered by the County for the purpose of acquiring agricultural land and woodland preservation easements; empowering and directing the County to levy, impose, and collect, annually, ad valorem taxes in rate and amount sufficient to provide funds for the payment of the maturing principal of and …