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Fiscal And Policy NotePDF.pdf

hb0557.pdf

🔗 Source: mgaleg.maryland.gov

📊 Size: 171 KB

👤 Author: Maryland General Assembly

⬇️ Downloads: 44

Summary

House Bill 557 authorizes the Carroll County Commissioners to issue up to $65.6 million in general obligation bonds for public facilities, with a maturity date not exceeding 30 years. The bill takes effect June 1, 2023, and is expected to increase county debt service expenditures by approximately $4.4 million annually over a 20-year period. The bonds will fund various projects, including HVAC system replacements, roof replacements, and public works projects, as outlined in Exhibit 2. Carroll County's total outstanding debt is approximately $281.2 million, representing 1.3% of the county's assessable base.

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Description

House Bill 557 authorizes the Carroll County Commissioners to issue up to $65.6 million in general obligation bonds for public facilities, with a maturity date...

Technical Information

File Format: PDF
File Size: 171 KB
Pages: 4
Language: EN
Author: Maryland General Assembly
Total Downloads: 44
Last Updated: 2 days ago

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