Maryland Code, LOCAL GOVERNMENT 18-116
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Terms Used In Maryland Code, LOCAL GOVERNMENT 18-116
- County: means a county of the State or Baltimore City. See
- including: means includes or including by way of illustration and not by way of limitation. See
- Interest rate: The amount paid by a borrower to a lender in exchange for the use of the lender's money for a certain period of time. Interest is paid on loans or on debt instruments, such as notes or bonds, either at regular intervals or as part of a lump sum payment when the issue matures. Source: OCC
By local law consistent with this subtitle, a county or municipality shall determine matters related to the authorization, issuance, sale, delivery, and payment of bonds, including:
(1) issue date;
(2) maturity;
(3) interest rate;
(4) terms;
(5) form;
(6) denomination;
(7) manner of execution;
(8) place of payment;
(9) redemption;
(10) refunding;
(11) sale price;
(12) manner of sale; and
(13) security.