1. (a) In this part the following words have the meanings indicated.
2. (b) “Authorizing resolution” means an administrative resolution adopted by the legislative body of a county.
3. (c) “County” includes a combination of two or more counties that have entered into an agreement under this part.

4. (d)

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

   2. (2) “Note” includes:

      1. (i) a bond;
      2. (ii) commercial paper;
      3. (iii) a refunding bond;
      4. (iv) a refunding note; and
      5. (v) any other obligation.

5. (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. (1) has been approved by the Board of Public Works; and
   2. (2) has not been advanced to the county.

Added by Acts 2013, c. 119, § 2, eff. Oct. 1, 2013. Amended by Acts 2013, c. 43, § 5; Acts 2018, c. 12, § 6.