§ 2-7-10. Bond rating enhancement reserve established.

Latest version.

(a) In this section, "reserve" means the bond rating enhancement reserve.
(b) The board of county commissioners shall establish a bond rating enhancement reserve and shall:
(1) Establish criteria for maintaining the reserve; and
(2) Maintain the reserve.
(c) The purpose of the reserve is to:
(1) Enhance, preserve, and safeguard Frederick County's bond rating; and
(2) Protect the financial integrity of Frederick County.
(2004, Chapter 350, § 1)

                    
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