MD SB448

Authorizes Carroll County Commissioners to borrow up to $27,000,000 through general obligation bonds to finance construction, improvement, or development of public facilities including roads, bridges, storm drains, public schools, Carroll Community College buildings, libraries, water and sewer infrastructure, and parks and recreation facilities

Permits the County to make loans to volunteer fire departments for fire or emergency-related equipment, buildings, and other facilities using bond proceeds

Allows borrowing through installment purchase obligations specifically for acquiring agricultural land and woodland preservation easements to maintain the character of the land

Bonds and refunding bonds, including interest and income derived from them, are exempt from all State, County, municipal, and other taxation in Maryland

Bonds may mature no later than 30 years from date of issue, may be sold at public or private sale, and are backed by the full faith and credit of the County with ad valorem taxes levied to ensure payment; effective June 1, 2026