Terms Used In Maryland Code, LOCAL GOVERNMENT 21-515

  • 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
Bond proceeds shall be used only to pay the cost of infrastructure improvements, including:

(1) the cost of establishing, acquiring, designing, constructing, extending, or altering infrastructure improvements;

(2) the cost of issuing bonds;

(3) payment of the principal of and interest on loans, money advances, or indebtedness incurred by the county for any purpose stated in § 21-504(a) of this subtitle, including refunding bonds previously issued; and

(4) funding of a debt service reserve fund or payment of interest before, during, or for a limited period of time after constructing the infrastructure improvements.