§ 18-203. Bonds--In general
West's Annotated Code of MarylandLand UseEffective: October 1, 2012
Effective: October 1, 2012
MD Code, Land Use, § 18-203
§ 18-203. Bonds--In general
(a) The Commission may issue and sell bonds in amounts necessary for the purposes under subsection (b) of this section and under regulations the Commission determines.
(b) The Commission may issue the bonds to pay for the acquisition of property in the metropolitan district for the purposes of § 17-101(b) of this article.
(d)(1) Subject to paragraph (2) of this subsection, the amount of bonds outstanding at any time may not exceed an amount that is redeemable within 30 years from the date of issue by the tax authorized and pledged to pay the bonds, to the extent that the tax is proposed to be imposed in Montgomery County or Prince George's County or both.
(e) The bonds shall:
(f) Notwithstanding any other law, the Commission may sell the bonds by competitive or negotiated sale in a manner, for a price, and at rates the Commission determines to be in its best interests.
Credits
Added by Acts 2012, c. 426, § 2, eff. Oct. 1, 2012.
MD Code, Land Use, § 18-203, MD LAND USE § 18-203
Current through legislation effective through April 9, 2023, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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