Definitions

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    (a)    In this part the following words have the meanings indicated.

    (b)    “Authorizing resolution” means an administrative resolution adopted by the legislative body of a county.

    (c)    “County” includes a combination of two or more counties that have entered into an agreement under this part.

    (d)    (1)    “Note” means an evidence of indebtedness of a county issued under this part.

        (2)    “Note” includes:

            (i)    a bond;

            (ii)    commercial paper;

            (iii)    a refunding bond;

            (iv)    a refunding note; and

            (v)    any other obligation.

    (e)    “State share”, with reference to a particular county on a particular date, means the aggregate amount of the anticipated State share of the costs of public school construction and capital improvements under § 5–303 of the Education Article that:

        (1)    has been approved by the Board of Public Works; and

        (2)    has not been advanced to the county.


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