Md. Code, Local Gov't § 19-503

Current with changes from the 2024 Legislative Session effective on or before 7/1/2024, from Chs.. 2 through 1049
Section 19-503 - Authority to borrow money and issue bonds
(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.

Md. Code, LG § 19-503

Revised and recodified by 2013 Md. Laws, Ch. 119,Sec. 2, eff. 10/1/2013.