§ 19-807. Bonds; use of revenue
West's Annotated Code of MarylandLocal GovernmentEffective: October 1, 2013
Effective: October 1, 2013
MD Code, Local Government, § 19-807
Formerly cited as MD CODE, Art. 25, § 11D
§ 19-807. Bonds; use of revenue
(a)(1) A bond issued under this subtitle:
(b) Bonds issued under this subtitle may be secured by a pledge of mortgages or notes secured by deeds of trust on any type of interest in real or other property, including:
(c) Bonds issued under this subtitle may provide that the bonds may be redeemed, at the option of Cecil County, before maturity, at the price and under the terms and conditions that the county sets before the bonds are issued.
(d) Money received from bonds issued under this subtitle may be used only to:
Credits
Added by Acts 2013, c. 119, § 2, eff. Oct. 1, 2013.
MD Code, Local Government, § 19-807, MD LOCAL GOVT § 19-807
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.
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