Bill 55-14

FOR the purpose of authorizing the issuance by Anne Arundel County, Maiyland, of bond anticipation notes in an amount to be outstanding at any time not in excess of Five Hundred Sixty-Nine Million Two Hundred Eighty-Seven Thousand One Hundred Dollars ($569,287,100) and bonds in an amount not exceeding One Billion Thitteen Million One Thousand One Hundred Seventeen Dollars ($1,013,001,117) in order to finance in whole or in part the construction of capital projects set forth in the capital budget of the County for the fiscal yeai· ending June 30, 2015, or in such capital budgets for prior fiscal years, or usable portions thereof; authorizing the issuance by the County of refunding bonds to refund some or all of the outstanding bond issues of the County listed on Exhibit II attached hereto and incorporated herein in an aggregate principal amount not to exceed 120% of the aggregate principal amount of the outstanding bonds to be refunded subject to the requirement that debt service savings shall be achieved in connection with any such refunding; authorizing the County to. borrow money and incur indebtedness otherwise authorized to be bo1rnwed and incurred hereunder in the f01m of bonds or bond anticipation notes by obtaining a loan or loans from the Maiyland Water Quality Financing Administration pursuant to and in accordance with Sections 9-1601 to 9-1622, inclusive, of the Environment Aiticle of the Annotated Code of Maiyland (2007 Replacement Volume and 2013 Supplement) for the public purpose of financing a po1tion of the costs of acquiring, constructing and equipping certain wastewater facilities and water supply systems;