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Unannotated Code of Maryland (Last Updated: May 16, 2014) |
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LOCAL GOVERNMENT |
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DIVISION IV. LOCAL FINANCE |
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TITLE 19. PUBLIC DEBT |
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SUBTITLE 6. CREATION OF PUBLIC DEBT -- PUBLIC SCHOOLS |
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PART I. PUBLIC SCHOOLS -- IN GENERAL |
§ 19-601. Definitions
Latest version.
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(a) In general. -- In this part the following words have the meanings indicated.
** REVISOR'S NOTE
This subsection formerly was Art. 31, § 33(a)(1).
** REVISOR'S NOTE
The only change is in style.
(b) Authorizing resolution. -- "Authorizing resolution" means an administrative resolution adopted by the legislative body of a county.
** REVISOR'S NOTE
This subsection formerly was Art. 31, § 33(a)(2).
** REVISOR'S NOTE
No changes are made.
** DEFINED TERM:
"County" § 1-101
**
(c) County. -- "County" includes a combination of two or more counties that have entered into an agreement under this part.
REVISOR'S NOTE
This subsection is new language derived without substantive change from former Art. 31, § 33(a)(3).
REVISOR'S NOTE
The reference to two or more "counties" is substituted for the former reference to two or more "of the jurisdictions specified in item (i) of this paragraph" for brevity and clarity.
REVISOR'S NOTE
The former reference to county meaning "[a]ny county in the State or the Mayor and City Council of Baltimore" is deleted in light of the definition of "county" in § 1-101 of this article to include a county or Baltimore City.
"County" § 1-101, 19-601
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(d) Note. -- **
(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.
REVISOR'S NOTE
This subsection is new language derived without substantive change from former Art. 31, § 33(a)(4).
REVISOR'S NOTE
In paragraph (2) of this subsection, the former reference to "a note that is classified as" commercial paper, etc. is deleted as surplusage.
"County" § 1-101, 19-601
**
(e) State share. -- "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 § 5-301 of the Education Article that: **
(1) has been approved by the Board of Public Works; and **
(2) has not been advanced to the county.
REVISOR'S NOTE
This subsection formerly was Art. 31, § 33(a)(5).
REVISOR'S NOTE
The only change is in style.
"County" § 1-101, 19-601