Maryland Code, LOCAL GOVERNMENT 12-902
Terms Used In Maryland Code, LOCAL GOVERNMENT 12-902
- Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
- County: means a county of the State or Baltimore City. See
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
- state: means :
(1) a state, possession, territory, or commonwealth of the United States; or
(2) the District of Columbia. See
(b) This section applies only in:
(1) Anne Arundel County;
(2) Baltimore County;
(3) Carroll County;
(4) Howard County; and
(5) Prince George’s County.
(c) A county may enter into an agreement to purchase development rights.
(d) Except as otherwise provided in this section, a county may determine, by resolution, the provisions, terms, conditions, and duration of an agreement.
(e) A payment obligation in an agreement:
(1) is a general obligation of the county to which its full faith and credit and unlimited taxing power is pledged; and
(2) is not subject to annual appropriation by the county.
(f) A county may undertake a payment obligation in an agreement:
(1) without regard to any limitations contained in its charter or other public local law or public general law; and
(2) without complying with any procedures contained in its charter or other public local law or public general law.
(g) The exercise of the authority granted in this section to enter into an agreement with a payment obligation for a term of years constitutes the exercise of borrowing authority.
(h) An agreement, the transfer or assignment of the agreement, and any payment required by the agreement are exempt from taxation by the State or any county, municipality, or public agency.