Md. Code, Local Government § 18-115
This is the official text of Md. Code, Local Government § 18-115, part of Maryland’s Code, Local Government — governs the powers and operations of Maryland counties and municipalities.
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§18–115.
Official statutory text
(a) If bonds are issued for projects having different probable useful lives, the authority shall consider the amount of the bonds to be issued for each project when it determines the average probable useful life of the projects.
(b) The determination under this section by an authority of probable useful life of the project or average probable useful life of the projects is conclusive.
(b) The determination under this section by an authority of probable useful life of the project or average probable useful life of the projects is conclusive.
Status: in_force · Read it on the official government site
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