1997 Regular Session

SENATE BILL 434

CHAPTER NUMBER: 24 File Code: Counties - Local Laws
Sponsored By:
Senator Hafer
Entitled:
Garrett County - Purchase of Real Property - Financing

Synopsis:

Authorizing the County Commissioners of Garrett County to enter financing agreements for the purchase of real property and to secure the financing in a specified manner; capping the maximum authorized amount of debt at $500,000; specifying that the duration of financing agreements may not extend beyond 20 years; requiring that adequate taxes be imposed to meet obligations under the agreement; etc.

Legislative History

Senate Action
1/29
First Reading Budget and Taxation
2/12
Hearing 3/5 at 1:30 p.m.
2/21
Hearing cancelled
Hearing 3/5 at 1:00 p.m.
3/13
Favorable Report by Budget and Taxation
3/14
Favorable Report Adopted (38-0)
Second Reading Passed
3/18
Third Reading Passed (46-0)
3/31
Returned Passed
4/8
Signed by the Governor Chapter 24
House Action
3/18
First Reading Commerce and Government Matters
3/19
Hearing 3/27 at 1:15 p.m.
3/28
Favorable Report by Commerce and Government Matters
3/26
Favorable Report Adopted
Second Reading Passed
3/27
Third Reading Passed (131-0)
Bill indexed under the following Subjects:
COUNTY COMMISSIONERS
GARRETT COUNTY
PROPERTY TAX -see also- ASSESSMENTS
PUBLIC DEBT -see also- STATE BONDS; CO. & BALT. CITY BONDS
REAL PROPERTY

Documents:

Bill Text:
First Reading (PDF), Third Reading (PDF), Enrolled
Fiscal Note: Available (PDF)