§ 19-601

Maryland § 19-601

• Jurisdiction: Maryland
• Article glg: Local Government
• Title: 19

Text

(a) In this part the following words have the meanings indicated.

(b) “Authorizing resolution” means an administrative resolution adopted by the legislative body of a county.

(c) “County” includes a combination of two or more counties that have entered into an agreement under this part.

(d) (1) “Note” means an evidence of indebtedness of a county issued under this part.

(2) “Note” includes:

(i) a bond;

(ii) commercial paper;

(iii) a refunding bond;

(iv) a refunding note; and

(v) any other obligation.

(e) “State share”, with reference to a particular county on a particular date, means the aggregate amount of the anticipated State share of the costs of public school construction and capital improvements under § 5–303 of the Education Article that:

(1) has been approved by the Board of Public Works; and

(2) has not been advanced to the county.