Md. Code, Housing and Community Development § 16-206
This is the official text of Md. Code, Housing and Community Development § 16-206, part of Maryland’s Code, Housing and Community Development — governs housing programs and community development.
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§16–206.
Official statutory text
(1) After considering the recommendations of the County Executive and holding a public hearing, the County Council shall approve, approve with modifications, or disapprove the proposed bond guarantee.
(2) The County Council shall state the terms and conditions of an approved bond guarantee, including:
(i) the maximum interest payable;
(ii) the terms of the bond issue;
(iii) the purposes for which the bond proceeds may be expended; and
(iv) the method of controlling the expenditures of the bond proceeds and the revenues and expenditures for housing projects financed by the bond proceeds.
(2) The County Council shall state the terms and conditions of an approved bond guarantee, including:
(i) the maximum interest payable;
(ii) the terms of the bond issue;
(iii) the purposes for which the bond proceeds may be expended; and
(iv) the method of controlling the expenditures of the bond proceeds and the revenues and expenditures for housing projects financed by the bond proceeds.
Status: in_force · Read it on the official government site
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