MD HB1513

Authorizes Calvert County to borrow up to $80,957,080 through general obligation bonds to finance construction, improvement, and development of public buildings, roads, and facilities, including Calvert Pines Senior Center renovations and storm drainage systems

Bonds may be issued at public or private sale, in one or more series, with a maximum maturity of 30 years from date of issue and interest rates determined by county resolution

Bonds and any income derived from them are exempt from all State, county, municipal, and other taxation in Maryland

Requires the County to levy ad valorem taxes sufficient to pay maturing principal and interest on bonds each fiscal year

Takes effect June 1, 2026