Md. Code, Local Government § 22-106
This is the official text of Md. Code, Local Government § 22-106, part of Maryland’s Code, Local Government — governs the powers and operations of Maryland counties and municipalities.
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§22–106.
Official statutory text
(a) Notwithstanding any other provision of law, a Resilience Authority may issue and sell bonds periodically:
(1) for resilience infrastructure projects;
(2) to refund outstanding bonds;
(3) to pay the costs of preparing, printing, selling, and issuing the bonds;
(4) to fund reserves; and
(5) to pay the interest on the bonds in the amount and for the period the Resilience Authority considers reasonable.
(b) Bonds issued by a Resilience Authority are limited obligations and are not a pledge of the faith and credit or taxing power of an incorporating local government.
(1) for resilience infrastructure projects;
(2) to refund outstanding bonds;
(3) to pay the costs of preparing, printing, selling, and issuing the bonds;
(4) to fund reserves; and
(5) to pay the interest on the bonds in the amount and for the period the Resilience Authority considers reasonable.
(b) Bonds issued by a Resilience Authority are limited obligations and are not a pledge of the faith and credit or taxing power of an incorporating local government.
Status: in_force · Read it on the official government site
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