The Revenue Authority is an instrumentality of Montgomery County and a public corporation created in accordance with State law in 1957 to construct and operate a variety of self supporting projects. The Revenue Authority Board consists of six members. Five members serve five-year staggered terms and are appointed by the County Executive, subject to confirmation by the County Council. A sixth member, the Chief Administrative Officer or designee, was added when Chapter 42 of the County Code was amended in 1998. The Revenue Authority is authorized to issue its own revenue bonds and other debt, which are repaid solely...

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AGENCY DESCRIPTION

The Revenue Authority is an instrumentality of Montgomery County and a public corporation created in accordance with State law in 1957 to construct and operate a variety of self supporting projects. The Revenue Authority Board consists of six members. Five members serve five-year staggered terms and are appointed by the County Executive, subject to confirmation by the County Council. A sixth member, the Chief Administrative Officer or designee, was added when Chapter 42 of the County Code was amended in 1998. The Revenue Authority is authorized to issue its own revenue bonds and other debt, which are repaid solely from the revenues received by the Authority; general tax receipts are not used for the retirement of Authority debt.

PROGRAM DESCRIPTION AND OBJECTIVES

The Revenue Authority was created to construct, improve, equip, furnish, and maintain financially self supporting projects devoted wholly, or partially, for the public use, public good, or general welfare. It promotes, develops, and operates or leases operations in several County program areas, including transportation and recreation. In the area of transportation, the Authority leases the operation of the Montgomery County Airpark. The recreation program area includes nine active golf courses; and leased operations to the County Department of Recreation of four pools, which are partially financed by the Authority. Under a thirty-year lease agreement between the Revenue Authority and the Maryland-National Capital Park and Planning Commission (M-NCPPC), the Revenue Authority assumed responsibility for managing the following M-NCPPC golf courses in FY08: Sligo Creek, Northwest, Little Bennett and Needwood. The Sligo Creek golf course has since been returned to the M-NCPPC and is currently managed by the Revenue Authority under a management agreement.

HIGHLIGHTS

• Continue to implement the Poolesville Economic Development Project to support economic development, agriculture, education, and workforce development.
• Add two new projects Montgomery County Airpark Land Acquisition - Leet-Melbrook and Merchant Tire to purchase land to implement the next phase of the Airport Layout Plan and the Airport Capital Improvement Plan.

PROGRAM CONTACTS

Contact Keith Miller, Executive Director, Montgomery County Revenue Authority, 301.762.9080, or Jane Mukira of the Office of Management and Budget at 240.777.2754 for more information regarding this department's capital budget.

CAPITAL PROGRAM REVIEW

The FY19-24 Capital Improvements Program proposed by the Revenue Authority consists of the Poolesville Economic Development project and two new Montgomery County Airpark land acquisitions projects with $17.5 million in expenditures during the six-year period.

The Revenue Authority has asked that their capital budget portray only costs for the six-year period to comply with County Code Chapter 42-13. Actual expenditures for active projects occurring prior to FY19 will not be reported here. In addition, the following projects HG restroom Amenities and Grille, Falls Road G.C. Improvements, Little Bennett Golf Course, Montgomery County Airpark, Needwood Golf Course, Northwest Golf Course, Poolesville Golf Course, Rattlewood Golf Course previously included in the Revenue Authority's budget will be closed out on June 30, 2018 and are not included in this section. The Revenue Authority FY19-24 program is funded by Revenue Authority debt, Revenue Authority current revenues, Federal funds, and State funds. Details of the Revenue Authority projects are included on the respective project description forms.

STATUTORY AUTHORITY

The Revenue Authority operates under the Montgomery County Code Chapter 42, 1984, amended 1998. Prior to FY93, the Revenue Authority operated under State law. It was transferred from State law to the County Code during FY93. The transfer to the County enables local amendments to the Authority's governing law without requiring State legislative action.The Revenue Authority is responsible for preparing a six-year Capital Improvements Program (CIP) for projects costing $50,000 or more submitting it to the County Executive prior to October 1 of each biennial year. The County Executive includes this program, along with comments and recommendations, in the comprehensive six-year program submitted to the Council under Section 302 of the County Charter. The County Council must hold public hearings and adopt a six-year Capital Improvements Program for the Authority as part of the County's comprehensive six-year program. The Council may amend the program. Any amendment must not become final until it is submitted to the Authority for written comments on at least 30 days notice. Funds for the Revenue Authority projects are not appropriated since the Revenue Authority is self supporting and operates independently of the County government. Any project costing more than $50,000 may not be undertaken by the Revenue Authority without review and approval by the County Executive and County Council.

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