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

   (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)