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§ 3-514. Participation of counties in issuance of bonds

West's Annotated Code of MarylandTransportation

West's Annotated Code of Maryland
Transportation
Title 3. Financing by Department (Refs & Annos)
Subtitle 5. County Transportation Revenue Bonds (Refs & Annos)
MD Code, Transportation, § 3-514
§ 3-514. Participation of counties in issuance of bonds
Currentness
Counties allowed to participate in issuance of bonds
(a) Subject to § 3-515 of this subtitle, the Department may allow any county in this State to participate in an issue of bonds under this subtitle.
Notification date
(b) On the date designated by the Department, a county that desires to participate shall notify the Department of:
(1) Its desire to participate in the proceeds of the next series of bonds to be issued under this subtitle;
(2) The proposed amount of its participation; and
(3) A description of the revenues to be pledged by the county to pay debt service on the bonds.
Extension of notification date
(c) The Department may extend the date for notification when appropriate.

Credits

Added by Acts 1993, c. 539.
MD Code, Transportation, § 3-514, MD TRANS § 3-514
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.
End of Document