<?xml version='1.0' encoding='utf-8'?>
<section article="glg" article_name="Local Government" number="19-601" title_number="19" title_name="Public Debt" subtitle_number="6" subtitle_name="Creation of Public Debt -- Public Schools">
  <level label="a">
    <text>In this part the following words have the meanings indicated.</text>
  </level>
  <level label="b">
    <text>“Authorizing resolution” means an administrative resolution adopted by the legislative body of a county.</text>
  </level>
  <level label="c">
    <text>“County” includes a combination of two or more counties that have entered into an agreement under this part.</text>
  </level>
  <level label="d">
    <level label="1">
      <text>“Note” means an evidence of indebtedness of a county issued under this part.</text>
    </level>
    <level label="2">
      <text>“Note” includes:</text>
      <level label="i">
        <text>a bond;</text>
      </level>
      <level label="ii">
        <text>commercial paper;</text>
      </level>
      <level label="iii">
        <text>a refunding bond;</text>
      </level>
      <level label="iv">
        <text>a refunding note; and</text>
      </level>
      <level label="v">
        <text>any other obligation.</text>
      </level>
    </level>
  </level>
  <level label="e">
    <text>“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:</text>
    <level label="1">
      <text>has been approved by the Board of Public Works; and</text>
    </level>
    <level label="2">
      <text>has not been advanced to the county.</text>
    </level>
  </level>
</section>
