§ 19-601
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/md/local-government/19-601A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§19–601.
(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.
(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.