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Ch. 585
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2002 LAWS OP MARYLAND
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1. CONVENTION CENTERS, CONFERENCE CENTERS, AND
VISITORS' CENTERS;
2. MAINTENANCE OF INFRASTRUCTURE IMPROVEMENTS,
CONVENTION CENTERS, CONFERENCE CENTERS, AND VISITORS' CENTERS; AND
3. MARKETING THE SPECIAL TAXING DISTRICT FACILITIES
AND OTHER IMPROVEMENTS.
(g) (1) [When] EXCEPT AS PROVIDED IN PARAGRAPH (2) OF THIS
SUBSECTION, WHEN no bonds authorized by this section are outstanding with respect
to a special taxing district:
[(1)] (I) The special taxing district shall be terminated; and
[(2)] (II) Any moneys remaining in the special fund on the date of
termination of the special taxing district shall be paid to the general fund of the
county.
(2) WHEN NO BONDS AUTHORIZED BY THIS SECTION ARE OUTSTANDING
WITH RESPECT TO A SPECIAL TAXING DISTRICT IN PRINCE GEORGE'S COUNTY AND
THE PRINCE GEORGE'S COUNTY COUNCIL SO DETERMINES, MONEYS IN THE SPECIAL
FUND MAY BE:
(I) USED FOR ANY OF THE PURPOSES DESCRIBED IN THIS
SECTION;
(II) ACCUMULATED FOR PAYMENT OF DEBT SERVICE ON BONDS
SUBSEQUENTLY ISSUED UNDER THIS SECTION;
(III) USED TO PAY OR REIMBURSE THE COUNTY FOR DEBT SERVICE
WHICH THE COUNTY IS OBLIGATED TO PAY OR HAS PAID (WHETHER SUCH
OBLIGATION IS GENERAL OR LIMITED) ON BONDS ISSUED BY THE STATE OF
MARYLAND, ANY AGENCY, DEPARTMENT OR POLITICAL SUBDIVISION THEREOF, OR
THE REVENUE AUTHORITY OF PRINCE GEORGE'S COUNTY, THE PROCEEDS OF WHICH
HAVE BEEN USED FOR ANY OF THE PURPOSES SPECIFIED IN THIS SECTION; OR
(IV) PAID TO THE COUNTY TO PROVIDE FUNDS TO BE USED FOR ANY
LEGAL PURPOSE AS MAY BE DETERMINED BY THE COUNTY.
Article 41 - Governor - Executive and Administrative Departments
14-202.
(f) (1) "Bonds" or "bond" means any revenue bonds or bond, notes or note, or
other similar instruments or instrument issued by any municipality or county
pursuant to and in accordance with this subtitle.
(2) "BONDS" OR "BOND" INCLUDES ANY REVENUE BOND, NOTES OR
NOTE, OR OTHER SIMILAR INSTRUMENTS OR INSTRUMENT ISSUED BY THE REVENUE
AUTHORITY OF PRINCE GEORGE'S COUNTY.
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- 4256 -
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