In this title the following words have the meanings indicated.
(1) (i) “Bond” means an obligation for the payment of money, by whatever name known or source of funds secured, issued by the Resilience Authority under State or County law.
(ii) “Bond” includes a refunding bond, a note, and any other obligation.
(2) “Capital costs” mean costs incurred for acquisition, planning, design, construction, repair, renovation, reconstruction, expansion, site improvement, and capital equipping.
(3) “Climate change” includes sea level rise, nuisance flooding, increased rainfall events, erosion, and temperature rise.
(4) “Resilience Authority” means the Resilience Authority of Annapolis and Anne Arundel County.
(5) (i) “Resilience infrastructure” means infrastructure that mitigates the effects of climate change for the general welfare or safety of the public.
(ii) “Resilience infrastructure” includes flood barriers, green spaces, building elevation, and stormwater infrastructure.
(6) “Resilience infrastructure project” means a project to finance or refinance the capital costs associated with resilience infrastructure.
(Bill No. 31-21)