§ 18-3102

(a) Before Montgomery County may establish the Montgomery County Student Loan Refinancing Authority, the county shall:

(1) Study aspects of implementing the Authority in accordance with State and county law, including:

(i) Performing a feasibility and demand study;

(ii) Assessing the potential benefit to recruitment and retention of county and school system employees; and

(iii) Studying the operation of similar programs in other systems, including operating costs;

(2) Hold public hearings; and

(3) Provide an opportunity for public comment.

(b) If Montgomery County decides to establish the Authority as authorized in § 18–3101 of this subtitle, the county’s governing body must pass an ordinance that creates the Authority in accordance with this subtitle.