§ 9-1-114. POWERS OF COUNTY.

The county is hereby authorized and empowered, through its proper officials:

(1)

To convey to the authority its title to any lands, streets, alleys, buildings, facilities, or other public places;

(2)

To assign to the authority any rates, rentals, fees, or charges now being or to be received by it, the assignment to be made for the purpose of providing additional security for any bonds to be issued under this article or for other purposes agreed to between the authority and the county;

(3)

To advance to the authority from the general funds of the county sums to be used by the authority solely to defray expenses for investigations, engineering and architectural studies, opinions, and compensation of employees and counsel which may be incurred prior to sale of its revenue bonds; the advances shall be repaid out of the first proceeds of the sale of revenue bonds by the authority following any such advance;

(4)

To make grants of money to the authority from the general funds of the county or from any other funds legally available therefor or to make grants of other county property to be used by the authority in connection with the purchase, equipping, furnishing, maintaining, acquisition, or operation of an authority project or projects, including (without limitation) grants of money to the authority to be deposited by the authority in a reserve fund and pledged to the security of revenue bonds issued or to be issued by the authority in connection with the project or projects; and

(5)

To purchase revenue bonds issued by the authority, which revenue bonds may be subordinate to other revenue bonds issued or to be issued by the authority for the same project or projects.

(Laws of Md.(1982) ch. 579) (1988 Code, § 30-14) (Bill No. 48-02, § 1, 7-1-2004)