Md. Code, Local Government § 19-214
This is the official text of Md. Code, Local Government § 19-214, part of Maryland’s Code, Local Government — governs the powers and operations of Maryland counties and municipalities.
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§19–214.
Official statutory text
(a) A governmental entity may not issue bond anticipation notes under this part in a total principal amount that exceeds the authorized amount of the bonds in anticipation of the sale of which the notes are issued and sold.
(b) A governmental entity may not issue grant anticipation notes under this part in a total amount, including interest, that exceeds the amount of the grant in anticipation of the receipt of which the notes are issued and sold.
(b) A governmental entity may not issue grant anticipation notes under this part in a total amount, including interest, that exceeds the amount of the grant in anticipation of the receipt of which the notes are issued and sold.
Status: in_force · Read it on the official government site
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