Md. Code, Housing and Community Development § 16-202
This is the official text of Md. Code, Housing and Community Development § 16-202, part of Maryland’s Code, Housing and Community Development — governs housing programs and community development.
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§16–202.
Official statutory text
(a) (1) The Montgomery Commission shall meet the terms and conditions that the county government imposes in guaranteeing bonds issued under this subtitle and § 12-702 of this article.
(2) If guaranteed revenue bonds are to finance the total cost of the housing, the Montgomery Commission shall meet any requirements that the county government imposes after the bonds are issued to protect the financial solvency of the housing project.
(b) The total principal of the bonds guaranteed under this subtitle may not exceed $50,000,000.
(2) If guaranteed revenue bonds are to finance the total cost of the housing, the Montgomery Commission shall meet any requirements that the county government imposes after the bonds are issued to protect the financial solvency of the housing project.
(b) The total principal of the bonds guaranteed under this subtitle may not exceed $50,000,000.
Status: in_force · Read it on the official government site
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