Carroll County - Public Facilities Bond

SB 416 authorizes Carroll County to issue up to $36.9 million in general obligation bonds for public facilities. The funds will finance water and sewer projects, equipment and buildings for volunteer fire departments, and other infrastructure like roads, schools, and parks. The county will repay the bonds through annual property taxes, and the bonds are exempt from state and local taxes. This provides a financing mechanism for capital improvements without requiring immediate taxpayer payments.