AN ACT TO AMEND THE CHARTER OF THE TOWN OF LAUREL RELATING TO THE POWER TO BORROW MONEY AND ISSUE BONDS.
About This Bill
Latest Action · Jul 23, 2026
Signed by Governor
Session
153
Introduced
Apr 9, 2026
Primary Sponsor
Timothy D. Dukes· primary
Summary
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This Act amends the Charter of the Town of Laurel by authorizing the Town to borrow money from any federal, state, local government, or quasi-government funding source provided such funding: (i) bears no interest on the principal, (ii) requires no principal payments by the Town, and (iii) provides for complete forgiveness (100%) of the principal.