Maryland Code, LOCAL GOVERNMENT 19-503
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Terms Used In Maryland Code, LOCAL GOVERNMENT 19-503
- County: means a county of the State or Baltimore City. See
- Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
(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.