Expedited Bill No.  26-14                      

Concerning: Parking Lot Districts – Transfer of Funds             

Revised:    4/30/14            Draft No.   3  

Introduced:      May 6, 2014                   

Enacted:         May 22, 2014                 

Executive:       May 28, 2014                 

Effective:        July 1, 2014                   

Sunset Date:  None                             

Ch.   14    , Laws of Mont. Co.    2014    

County Council

For Montgomery County, Maryland

By: Councilmembers Berliner, Branson, Floreen and Riemer

AN EXPEDITED ACT to:

(1)        authorize the transfer of certain funds from one parking lot district to another; and

(2)        generally amend the law governing parking lot districts.

By amending

            Montgomery County Code

          Chapter 60, Silver Spring, Bethesda, Wheaton and Montgomery Hills Parking Lot Districts

            Section 60-16, Purpose of parking lot funds

Boldface Heading or defined term.

Underlining Added to existing law by original bill.

[Single boldface brackets] Deleted from existing law by original bill.

Double underlining Added by amendment.

[[Double boldface brackets]] Deleted from existing law or the bill by amendment.

*   *   *                                                  Existing law unaffected by bill.

The County Council for Montgomery County, Maryland approves the following Act:

Sec. 1.  Section 60-16 is amended as follows:

60-16.         Purpose of parking lot funds.

          *        *        *

(f)      (1)     Notwithstanding the limits in subsection (a) or (b) or any other provision of this Chapter, the County Council may authorize the transfer of revenue from parking fees collected in a parking lot district in any fiscal year to temporarily fund the operations of another parking lot district.  In this subsection, "parking fee" means revenue from parking meters, parking permits, or any other user charge for parking.

(2)     The Council must approve any transfer under this subsection in the resolution approving the district’s annual operating budget or in a separate resolution.  Each transfer of funds must be conditioned on a reasonable repayment agreement.  Each authorizing resolution must specify:

(A)    the purposes for which the transferred funds may be used; and

(B)     the terms of repayment to the originating parking lot district.

          Sec. 2.         Expedited Effective Date.  The Council declares that this legislation is necessary for the immediate protection of the public interest.  This Act takes effect on July 1, 2014, and applies to any fiscal year that begins on or after that date.

Approved: