Md. Code, Local Government § 19-503
This is the official text of Md. Code, Local Government § 19-503, part of Maryland’s Code, Local Government — governs the powers and operations of Maryland counties and municipalities.
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§19–503.
Official statutory text
(a) A county may:
(1) borrow money for any public purpose; and
(2) issue and sell general obligation bonds to evidence the borrowing.
(b) By local law, a county may provide for the issuance of revenue bonds payable as to principal and interest solely from the revenues of one or more revenue–producing projects of the county.
(c) Notwithstanding any other provision of this subtitle, a county may issue bonds:
(1) for sanitary facilities as provided in the Environment Article; and
(2) as authorized by local law in effect on the date the county adopts code home rule.
(1) borrow money for any public purpose; and
(2) issue and sell general obligation bonds to evidence the borrowing.
(b) By local law, a county may provide for the issuance of revenue bonds payable as to principal and interest solely from the revenues of one or more revenue–producing projects of the county.
(c) Notwithstanding any other provision of this subtitle, a county may issue bonds:
(1) for sanitary facilities as provided in the Environment Article; and
(2) as authorized by local law in effect on the date the county adopts code home rule.
Status: in_force · Read it on the official government site
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