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§ 19-804. Enactment of ordinance or resolution required

West's Annotated Code of MarylandLocal GovernmentEffective: October 1, 2013

West's Annotated Code of Maryland
Local Government (Refs & Annos)
Division IV. Local Finance [Titles 16-23] (Refs & Annos)
Title 19. Public Debt (Refs & Annos)
Subtitle 8. Creation of Public Debt--Financing Residential Mortgages in Cecil County (Refs & Annos)
Effective: October 1, 2013
MD Code, Local Government, § 19-804
Formerly cited as MD CODE, Art. 25, § 11D
§ 19-804. Enactment of ordinance or resolution required
Currentness
In general
(a) By ordinance or resolution, the governing body of Cecil County shall specify:
(1) the program;
(2) the amount of bonds to be issued under the program;
(3) the interest rate of the bonds, or the manner of determining the rate; and
(4) other provisions not inconsistent with this subtitle to effect the financing of the mortgage loans.
Findings required
(b) In the ordinance or resolution adopted under this subtitle, the governing body of Cecil County shall make findings regarding:
(1) the need for the financing authorized under this subtitle;
(2) the types of housing available and needed in the county; and
(3) other factors that the governing body finds appropriate to establish a program.
Process for adoption
(c) An ordinance or resolution adopted under this subtitle is not subject to:
(1) referendum; or
(2) other procedures that do not apply to all ordinances or resolutions enacted by Cecil County.

Credits

Added by Acts 2013, c. 119, § 2, eff. Oct. 1, 2013.
MD Code, Local Government, § 19-804, MD LOCAL GOVT § 19-804
Current through legislation effective through May 9, 2024, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
End of Document