(a) A local government may create a Resilience Authority by local law in accordance with this title. (b) A local law adopted under this section: (1) is administrative in nature; and (2) is not subject to referendum. (c) Notwithstanding any other provision of law or charter provision, subsection (a) of this section is self–executing and fully authorizes a local government […]
(a) Officers governing the Resilience Authority and employees of a Resilience Authority shall be appointed or hired as provided by local law. (b) Except as otherwise provided in this title or the local law establishing the Resilience Authority, the procedures of the incorporating local government control any personnel matter relating to the internal administration of the Resilience […]
Except as necessary to pay debt service or implement the public purposes or programs of the incorporating local government, the net earnings of a Resilience Authority may benefit only the incorporating local government and may not benefit any person.
(a) Except as limited by the local law establishing the Resilience Authority or its articles of incorporation, a Resilience Authority has all the powers under this title. (b) A Resilience Authority has and may exercise all powers necessary or convenient to undertake, finance, manage, acquire, own, convey, or support resilience infrastructure projects, including the power to: (1) acquire […]
(a) Notwithstanding any other provision of law, a Resilience Authority may issue and sell bonds periodically: (1) for resilience infrastructure projects; (2) to refund outstanding bonds; (3) to pay the costs of preparing, printing, selling, and issuing the bonds; (4) to fund reserves; and (5) to pay the interest on the bonds in the amount and for the period the Resilience […]
(a) For each issue of its bonds, a Resilience Authority shall adopt a resolution that: (1) specifies and describes the resilience infrastructure; (2) generally describes the public purpose to be served and the financing transaction; (3) specifies the maximum principal amount of the bonds that may be issued; and (4) imposes terms or conditions on the issuance and sale of […]
(a) The principal of and interest on bonds, the transfer of bonds, and any income derived from the bonds, including profits made in their sale or transfer, are forever exempt from State and local taxes. (b) A contract for a resilience infrastructure project may provide that payment shall be made in bonds. (c) A bond is not subject […]
A finding by the local governing authority or the board of directors of a Resilience Authority as to the public purpose of an action taken under this title, and the appropriateness of that action to serve the public purpose, is conclusive in a proceeding involving the validity or enforceability of a bond, or security for […]
Notwithstanding any other provision of law or charter, the local governing body may dedicate any revenues of the local government for repayment of bonds and to support the operations or resilience infrastructure projects of a Resilience Authority.
If multiple counties or municipalities establish a Resilience Authority: (1) each shall be considered an incorporating local government; and (2) the counties or municipalities shall file jointly articles of incorporation or articles of amendment in accordance with § 22–102 of this subtitle.
Nothing in this title may be construed to: (1) prohibit the local governments of multiple counties or municipalities from establishing through joint action a Resilience Authority in accordance with this title; or (2) authorize a Resilience Authority to levy a tax.
(a) On a date and in a format designated by the incorporating local government, a Resilience Authority shall, at least annually, report to the incorporating local government on the activities of the Resilience Authority. (b) (1) Subject to paragraph (2) of this subsection, on or before the January 1 after a Resilience Authority is established by a local […]
