Md. Code, Local Gov't § 19-603

Current with changes from the 2024 Legislative Session effective on or before 7/1/2024, from Chs.. 2 through 1049

Section 19-603 - Authorized use of proceeds

A county may expend the net proceeds of the sale of an issue of notes only to:

(1) pay the costs of public school construction or capital improvements approved at any time by the Board of Public Works in anticipation of State money for any of the construction or improvements; or

(2) refund one or more issues of notes.

Md. Code, LG § 19-603

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