reglab/housing_qa huggingface dataset:
MD. Local Government Code Ann. §  16-308 (2021)
2021 Maryland Statutes|Local Government|Division IV - Local Finance|Title 16 - In General|Subtitle 3 - Uniform System of Financial Reporting|Section 16-308 - Audits of Special Taxing Districts Created by Counties

    (a)    Each county shall adopt uniform rules and regulations for the auditing of the financial records of each special taxing district created by the county that:        (1)    receives money collected by the county from a county property tax imposed at the request of the special taxing district;        (2)    has annual expenditures exceeding $250,000; and        (3)    has money disbursed and expended independently of the county government.    (b)    At a minimum, the rules and regulations required under subsection (a) of this section shall require the audit to:        (1)    be conducted by:            (i)    a certified public accountant:                1.    acting in the capacity of an independent auditor or an official auditor of the county; and                2.    who is in compliance with the Maryland Public Accountancy Act; or            (ii)    an auditing committee approved by the official auditor of the county;        (2)    determine if tax funds have been received, deposited, and disbursed in accordance with approved appropriations and State and local law;        (3)    include the following financial statements:            (i)    a balance sheet;            (ii)    a statement of revenues;            (iii)    a statement of expenditures and encumbrances; and            (iv)    a statement of changes in fund balance; and        (4)    be completed and filed with the appropriate county officials not later than 90 days after the close of the fiscal year.    (c)    For a special taxing district that is created by the county and has annual expenditures of less than $250,000, the county shall require:        (1)    an annual financial report; and        (2)    an audit every 4 years unless the county determines, on a case–by–case basis, that more frequent audits are required.    (d)    If a special taxing district subject to subsection (a) or (c) of this section does not file a financial report or audit report required by the county, the county may withhold the distribution of taxes imposed on behalf of the special taxing district until the report is received.    (e)    (1)    When a county files its audit report with the Legislative Auditor as required by § 16–306 of this subtitle, the county also shall submit:            (i)    a copy of each financial report and audit report received from each special taxing district subject to subsection (a) or (c) of this section; and            (ii)    a report on the results of the county’s review of each special taxing district’s compliance with this section.        (2)    The Legislative Auditor shall:            (i)    review the financial reports, audit reports, and other information received from each county; and            (ii)    submit recommendations as appropriate based on the results of the review.
MD. Local Government Code Ann. §  16-309 (2021)
2021 Maryland Statutes|Local Government|Division IV - Local Finance|Title 16 - In General|Subtitle 3 - Uniform System of Financial Reporting|Section 16-309 - Audits by Legislative Auditor -- Costs

    (a)    If the Legislative Auditor audits the financial records of a county, municipality, or special taxing district as provided in this subtitle, the county, municipality, or special taxing district shall pay the costs of the audit.    (b)    (1)    As soon as practical after completing an audit, the Legislative Auditor shall certify the total costs of the audit to the appropriate official of the county, municipality, or special taxing district.        (2)    On receipt of the certification of costs, the official of the county, municipality, or special taxing district shall pay the Comptroller.
MD. Local Government Code Ann. §  16-401 (2021)
2021 Maryland Statutes|Local Government|Division IV - Local Finance|Title 16 - In General|Subtitle 4 - Tax and Debt Authority for Assistance to Destitute and Unemployed Residents|Section 16-401 - Construction of Subtitle

    This subtitle shall be liberally construed.
MD. Local Government Code Ann. §  16-402 (2021)
2021 Maryland Statutes|Local Government|Division IV - Local Finance|Title 16 - In General|Subtitle 4 - Tax and Debt Authority for Assistance to Destitute and Unemployed Residents|Section 16-402 - Limited Purpose

    A county or municipality may use the taxing and borrowing authority granted under this subtitle only for the general protection and preservation of the public safety, peace, health, and welfare by providing its destitute and unemployed residents with:        (1)    assistance, food, shelter, supplies, necessities, and other relief, either alone or in conjunction and cooperation with the State or federal government; or        (2)    employment, either alone or as a part of a general State or federal government plan.
MD. Local Government Code Ann. §  16-403 (2021)
2021 Maryland Statutes|Local Government|Division IV - Local Finance|Title 16 - In General|Subtitle 4 - Tax and Debt Authority for Assistance to Destitute and Unemployed Residents|Section 16-403 - Local Enactment Required

    To exercise the authority granted under this subtitle, the governing body of a county or municipality shall enact a motion, a resolution, or an ordinance stating that the county or municipality has determined to exercise the authority granted under this subtitle and binds itself to fulfill all obligations incurred under this subtitle.
MD. Local Government Code Ann. §  16-404 (2021)
2021 Maryland Statutes|Local Government|Division IV - Local Finance|Title 16 - In General|Subtitle 4 - Tax and Debt Authority for Assistance to Destitute and Unemployed Residents|Section 16-404 - Authority to Impose Property Tax

    (a)    A county or municipality that exercises the authority granted under this subtitle may impose a tax on property that is subject to the county’s or municipality’s property tax.    (b)    A tax imposed under this section may not exceed:        (1)    3.2 cents on each $100 of assessment of real property; or        (2)    8 cents on each $100 of assessment of personal property and operating real property described in § 8–109(c) of the Tax – Property Article.
MD. Local Government Code Ann. §  16-405 (2021)
2021 Maryland Statutes|Local Government|Division IV - Local Finance|Title 16 - In General|Subtitle 4 - Tax and Debt Authority for Assistance to Destitute and Unemployed Residents|Section 16-405 - Authority to Borrow Money

    (a)    This section does not apply to Baltimore City.    (b)    A county or municipality may borrow money under this subtitle on its full faith and credit.    (c)    A county or municipality may issue individual notes, certificates of debt, or other evidence of indebtedness for any amount borrowed under this subtitle.    (d)    Subject to the limits in this subtitle, the governing body of a county or municipality shall determine:        (1)    the manner, method, means, and conditions for borrowing money under this subtitle;        (2)    the kind and character of the debt issued;        (3)    the form and substance of the debt issued;        (4)    the interest rate of the debt issued;        (5)    the manner, method, or means of sale, both public or private, of the debt issued;        (6)    when the money shall be borrowed; and        (7)    when the debt shall be issued.    (e)    A county or municipality may not incur debt under this subtitle in an aggregate amount that exceeds the total amount estimated to be raised by a property tax imposed by the county or municipality at a rate of 3.2 cents on each $100 of assessment.    (f)    A debt incurred under this subtitle shall mature and be paid within 2 years after the date the debt was incurred.    (g)    Subject to § 16–404(b) of this subtitle, a county or municipality that borrows money under this subtitle shall impose a property tax in an amount sufficient to repay the money borrowed, with interest, in full within 2 years after the date the debt was incurred.
MD. Local Government Code Ann. §  16-406 (2021)
2021 Maryland Statutes|Local Government|Division IV - Local Finance|Title 16 - In General|Subtitle 4 - Tax and Debt Authority for Assistance to Destitute and Unemployed Residents|Section 16-406 - Incidental Powers

    The governing body of a county or municipality may exercise any incidental powers necessary to carry out the express powers granted in this subtitle.
MD. Local Government Code Ann. §  16-407 (2021)
2021 Maryland Statutes|Local Government|Division IV - Local Finance|Title 16 - In General|Subtitle 4 - Tax and Debt Authority for Assistance to Destitute and Unemployed Residents|Section 16-407 - Administration of Revenue

    The administration, expenditure, and accounting of all money raised, borrowed, or obtained by a county or municipality under this subtitle is subject to the control of the governing body of the county or municipality or the public body that the governing body designates.
MD. Local Government Code Ann. §  16-502 (2021)
2021 Maryland Statutes|Local Government|Division IV - Local Finance|Title 16 - In General|Subtitle 5 - Grants to Counties|Section 16-502 - Reimbursement to Anne Arundel County for Baltimore-Washington International Thurgood Marshall Airport

    (a)    The intent of this section is to:        (1)    reimburse Anne Arundel County for the supporting facilities and services that it provides for private development that is not related to aviation on State–owned land at Baltimore–Washington International Thurgood Marshall Airport; and        (2)    eliminate any competitive advantage that Baltimore–Washington International Thurgood Marshall Airport might have over private property in attracting new development or construction.    (b)    Notwithstanding the provisions of §§ 6–102, 7–211, and 7–401 of the Tax – Property Article, for all private development that is not related to aviation on State–owned land at Baltimore–Washington International Thurgood Marshall Airport, the State shall pay to Anne Arundel County annually an amount that:        (1)    is agreed on by the Secretary of Transportation and the County Executive of Anne Arundel County; and        (2)    does not exceed an amount equal to the local property taxes that would have been paid to Anne Arundel County if the private development were not constructed on State–owned land.    (c)    To fund the payments required under subsection (b) of this section, the State shall charge a special user fee to the private development described in subsection (b) of this section.    (d)    The Maryland Aviation Administration shall specify what constitutes private development that is not related to aviation on State–owned land at Baltimore–Washington International Thurgood Marshall Airport.
MD. Local Government Code Ann. §  16-503 (2021)
2021 Maryland Statutes|Local Government|Division IV - Local Finance|Title 16 - In General|Subtitle 5 - Grants to Counties|Section 16-503 - Teacher Retirement Supplemental Grants

    The Governor shall include in the budget bill for each fiscal year a General Fund appropriation for the following teacher retirement supplemental grants to the following counties:        (1)    Allegany County – $1,632,106;        (2)    Baltimore City – $10,047,596;        (3)    Baltimore County – $3,000,000;        (4)    Caroline County – $685,108;        (5)    Dorchester County – $308,913;        (6)    Garrett County – $406,400;        (7)    Prince George’s County – $9,628,702;        (8)    Somerset County – $381,999; and        (9)    Wicomico County – $1,567,837.
MD. Local Government Code Ann. §  16-504 (2021)
2021 Maryland Statutes|Local Government|Division IV - Local Finance|Title 16 - In General|Subtitle 5 - Grants to Counties|Section 16-504 - Grant to Calvert County on Expiration of Calvert Cliffs Nuclear Power Plant License

    (a)    If on or before January 1, 2020, the Federal Nuclear Regulatory Commission license for the Calvert Cliffs Nuclear Power Plant expires and is not extended or renewed, for each of the 5 taxable years following the expiration, the State shall pay as a grant to Calvert County an amount equal to the applicable percentage, specified in subsection (b) of this section, of the difference between:        (1)    the product of multiplying $14,554,000 times the percentage specified for the taxable year under § 7–237(b) of the Tax – Property Article; and        (2)    the sum of:            (i)    $2,000,000; and            (ii)    the county’s property tax revenue for the taxable year derived from personal property that is machinery or equipment used to generate electricity for sale.    (b)    For purposes of determining the amount of a grant provided under subsection (a) of this section, the applicable percentage is:        (1)    100% for the first taxable year;        (2)    80% for the second taxable year;        (3)    60% for the third taxable year;        (4)    40% for the fourth taxable year; and        (5)    20% for the fifth taxable year.    (c)    For each taxable year for which a grant is provided under subsection (a) of this section, the Department of Assessments and Taxation shall determine and certify to the Comptroller Calvert County’s property tax revenue for the taxable year that is derived from personal property that is machinery or equipment used to generate electricity for sale.    (d)    The Comptroller shall pay to Calvert County the amount specified in subsection (a)(1) of this section in equal payments, at the end of each quarter of each taxable year for which a grant is payable.
MD. Local Government Code Ann. §  17-103 (2021)
2021 Maryland Statutes|Local Government|Division IV - Local Finance|Title 17 - Investment by Local Government|Subtitle 1 - In General|Section 17-103 - Charter Counties and Baltimore City

    (a)    This section applies to bond sale proceeds and other money that are:        (1)    subject to arbitrage, rebate, or similar limitations under federal tax law; and        (2)    in the custody or control of the controller, director of finance, or similar official of a charter county or Baltimore City.    (b)    Notwithstanding any other law, the controller, director of finance, or similar official of a charter county or Baltimore City may:        (1)    invest and reinvest bond proceeds and other money to which this section applies:            (i)    in bonds, notes, or other obligations that are:                1.    of investment grade quality as established by a nationally recognized rating agency; and                2.    issued by or on behalf of a state or a unit, political subdivision, public corporation, special district, or authority of a state; and            (ii)    directly or through a trust or fund that restricts investments to obligations of investment grade quality; and        (2)    sell, redeem, or exchange an investment or reinvestment made under item (1) of this subsection.
MD. Local Government Code Ann. §  17-104 (2021)
2021 Maryland Statutes|Local Government|Division IV - Local Finance|Title 17 - Investment by Local Government|Subtitle 1 - In General|Section 17-104 - Investment in Open-End and Closed-End Investment Companies and Trusts

    (a)    This section applies to the following governmental entities:        (1)    the governing body of each county;        (2)    the governing body or chief fiscal or administrative officer of each municipality;        (3)    the governing body or chief fiscal or administrative officer of:            (i)    each road, drainage, improvement, construction, or soil conservation district or commission; or            (ii)    the Upper Potomac River Commission;        (4)    each county board of education, including the Baltimore City Board of School Commissioners;        (5)    any other political subdivision or body politic and corporate of the State;        (6)    a unit of a political subdivision of the State; and        (7)    the trustees or other officers in charge of a pension or retirement system or fund of:            (i)    the State;            (ii)    a political subdivision of the State; or            (iii)    a unit of the State or of a political subdivision of the State.    (b)    Notwithstanding any other law, when a governmental entity is required or authorized to invest in, purchase, or take as collateral a bond, an obligation, or any other evidence of indebtedness of the United States, the governmental entity may invest in, purchase, or take as collateral an obligation or security of or other interest in an open–end or closed–end management type investment company or investment trust registered under the federal Investment Company Act of 1940, 15 U.S.C. § 80A–1 et seq., if:        (1)    the portfolio of the investment company or investment trust is limited to:            (i)    direct obligations of the United States; and            (ii)    repurchase agreements that are fully collateralized by obligations of the United States; and        (2)    the investment company or investment trust takes delivery of the collateral directly or through an authorized custodian.
MD. Local Government Code Ann. §  17-201 (2021)
2021 Maryland Statutes|Local Government|Division IV - Local Finance|Title 17 - Investment by Local Government|Subtitle 2 - Local Government Investment Guidelines|Section 17-201 - Definitions

    (a)    In this subtitle the following words have the meanings indicated.    (b)    “Financial officer” means the treasurer or other financial officer of a governmental entity who is responsible for the investment of public funds or the issuance and management of debt of the governmental entity.    (c)    “Governing authority” means:        (1)    for Baltimore City, the Baltimore City Board of Estimates;        (2)    for a commission county, the county commissioners;        (3)    for a charter county, as provided by local law, the county council or the county executive and the county council;        (4)    for a code county, the county commissioners;        (5)    for a community college, the board of trustees;        (6)    for a municipality, the body provided by the municipal charter;        (7)    for the Washington Suburban Sanitary Commission, the Commission;        (8)    for a public corporation, the board of directors; and        (9)    for an authority, the board of the authority.    (d)    (1)    Except as provided in paragraph (2) of this subsection, “public money” means any money held by a governmental entity.        (2)    “Public money” does not include money held as part of a pension fund, a fund for other postemployment benefits, as defined in § 17–102(a) of this title, a trust fund account, or a facility closure reserve fund or for self–insurance purposes.
MD. Local Government Code Ann. §  17-202 (2021)
2021 Maryland Statutes|Local Government|Division IV - Local Finance|Title 17 - Investment by Local Government|Subtitle 2 - Local Government Investment Guidelines|Section 17-202 - Conflict With Other Laws

    To the extent of any conflict, this subtitle and the local government investment guidelines adopted by the State Treasurer under this subtitle supersede:        (1)    any local law, including a charter provision; and        (2)    any other public general law.
MD. Local Government Code Ann. §  17-203 (2021)
2021 Maryland Statutes|Local Government|Division IV - Local Finance|Title 17 - Investment by Local Government|Subtitle 2 - Local Government Investment Guidelines|Section 17-203 - Scope of Subtitle

    This subtitle applies to the following governmental entities:        (1)    each county;        (2)    each municipality;        (3)    each community college other than the Baltimore City Community College;        (4)    each regional community college established under Title 16, Subtitle 2 of the Education Article;        (5)    the Washington Suburban Sanitary Commission;        (6)    a public corporation authorized to issue debt; and        (7)    an authority of the State authorized to issue debt.
MD. Local Government Code Ann. §  17-204 (2021)
2021 Maryland Statutes|Local Government|Division IV - Local Finance|Title 17 - Investment by Local Government|Subtitle 2 - Local Government Investment Guidelines|Section 17-204 - Adoption and Requirements

    (a)    After consulting with the governmental entities, the State Treasurer shall adopt by regulation local government investment guidelines to govern the investment of public money by the entities in a manner that:        (1)    facilitates sound cash management;        (2)    protects the public; and        (3)    ensures that each entity has access to its public money.    (b)    The local government investment guidelines shall:        (1)    specify the types of investments in which public money may be invested;        (2)    include guidance for the prudent investment of public money based on cash flow projections, income, liquidity, investment ratings, and risk;        (3)    require that investments by a county board of education and a county board of library trustees comply with the local investment policy of the county; and        (4)    prohibit the borrowing of money for the express purpose of investment.
MD. Local Government Code Ann. §  17-205 (2021)
2021 Maryland Statutes|Local Government|Division IV - Local Finance|Title 17 - Investment by Local Government|Subtitle 2 - Local Government Investment Guidelines|Section 17-205 - Local Investment Policy

    (a)    The governing authority of each governmental entity shall adopt by resolution a local investment policy that:        (1)    meets the needs of the governmental entity; and        (2)    is consistent with the local government investment guidelines adopted by the State Treasurer under § 17–204 of this subtitle.    (b)    Promptly after the adoption of a local investment policy, the governmental entity shall mail a certified copy to the State Treasurer.    (c)    If the State Treasurer determines that the local investment policy is not consistent with the local government investment guidelines adopted by the State Treasurer under § 17–204 of this subtitle:        (1)    the State Treasurer shall notify the governmental entity; and        (2)    the governing authority shall prepare and submit a revised local investment policy that is consistent with the local government investment guidelines.    (d)    If the governing authority amends the governmental entity’s local investment policy, the governmental entity shall submit the new local investment policy to the State Treasurer in accordance with subsection (b) of this section.
MD. Local Government Code Ann. §  17-206 (2021)
2021 Maryland Statutes|Local Government|Division IV - Local Finance|Title 17 - Investment by Local Government|Subtitle 2 - Local Government Investment Guidelines|Section 17-206 - Restriction on Investments

    A financial officer may not invest public money of a governmental entity in a manner that is inconsistent with the entity’s local investment policy.
MD. Local Government Code Ann. §  17-207 (2021)
2021 Maryland Statutes|Local Government|Division IV - Local Finance|Title 17 - Investment by Local Government|Subtitle 2 - Local Government Investment Guidelines|Section 17-207 - Local Debt Policy

    (a)    (1)    Each governmental entity shall adopt by resolution, motion, or ordinance a local debt policy that:            (i)    is consistent with the Maryland Constitution and all applicable State and local laws; and            (ii)    meets the needs of the governmental entity.        (2)    Promptly after the adoption of a local debt policy, the governmental entity shall mail a certified copy to the State Treasurer.        (3)    If the State Treasurer determines that the local debt policy is not consistent with the Maryland Constitution or any applicable State or local law:            (i)    the State Treasurer shall notify the governmental entity; and            (ii)    the governmental entity shall prepare and submit a revised local debt policy.    (b)    If the governmental entity amends its local debt policy, the governmental entity shall submit its revised policy to the State Treasurer in accordance with subsection (a) of this section.