Section 18-206 – Revenue Bonds
(a) (1) To accomplish the purposes under § 18–203(b) of this subtitle, the Commission may issue bonds to finance the cost of revenue–producing facilities in Montgomery County or Prince George’s County, including: (i) the cost of acquiring or constructing a facility; (ii) the cost of enlarging, improving, remodeling, or restoring an acquired facility; (iii) the cost of surveys, studies, drawings, […]
Section 18-207 – Refunding Bonds
(a) If any bonds are issued under this title subject to redemption or repurchase, the Commission may: (1) redeem or repurchase the bonds at the stated redemption prices plus accrued interest; and (2) issue and sell refunding bonds as provided under this section to provide funds for the redemption or repurchase. (b) (1) The refunding bonds may be: (i) issued in […]
Section 18-107 – County Executive; Veto
(a) Within 3 calendar days after approval of the budgets, each county council shall submit the budgets to the respective county executive. (b) Within 10 days after delivery of the budgets by the county council, the county executive may disapprove or reduce any item contained in the budgets or the planning work program. (c) If the county executive […]
Section 18-108 – Budget Amendments
(a) After adoption of the budgets by the county councils, the budgets may be amended by resolution by the county councils on their initiative or at the request of the Commission. (b) Before adopting a budget amendment under this subsection, a county council shall: (1) receive recommendations from the respective county executive; and (2) hold a public hearing on […]
Section 18-109 – Limitations on Expenditures
(a) Unless approved by either or both county councils, as applicable, after receiving recommendations from either or both county executives, the Commission may not make or authorize an expenditure of funds exceeding 110% of the available approved budget amounts for: (1) each park and recreation project and each administrative or operating department or function of the Commission, […]
Section 18-112 – Preparation and Submission to Counties
The Commission shall prepare and submit a 6–year capital improvements program: (1) before November 1 of each odd–numbered calendar year to the County Executive and County Council of Montgomery County; and (2) before January 15 of each calendar year to the County Executive and County Council of Prince George’s County.
Section 18-113 – Contents
The capital improvements program shall: (1) include a statement of the objectives of the capital programs and the relationship of the programs to the county’s adopted long range development plans; (2) recommend capital projects and a construction schedule; (3) provide an estimate of cost and a statement of all funding sources; and (4) include all programmed parkland acquisition, all […]
Section 18-114 – Recommendations by Montgomery County Executive
In Montgomery County, the County Executive shall submit recommendations with respect to the Commission’s proposed program, including any suggested amendments, revisions, or modifications, to the County Council as part of the comprehensive 6–year capital improvements program required by the county charter in each even–numbered calendar year.
Section 18-101 – Application of Other Laws
The public general laws governing the preparation and filing of budgets by State units do not apply to the Commission.
Section 18-102 – Required
The Commission shall prepare annual capital and operating budgets for each fiscal year beginning on July 1 and ending on June 30 of the subsequent year.