Carroll County - Public Facilities Bond

SB 448 authorizes Carroll County to borrow up to $27 million through general obligation bonds to fund public facilities, including water and sewer infrastructure, volunteer fire department equipment/buildings, and agricultural land preservation easements. The bonds, exempt from state and local taxes, will be repaid annually through ad valorem property taxes levied on county residents. Key provisions include flexibility for the County to set bond terms (interest rates, maturity up to 30 years) and use proceeds for specific projects outlined in a resolution. This directly affects Carroll County taxpayers through annual property tax increases and volunteer fire departments receiving direct funding for equipment and facilities.