§ 9-683. Limitation on total of outstanding bonds
West's Annotated Code of MarylandEnvironment
MD Code, Environment, § 9-683
§ 9-683. Limitation on total of outstanding bonds
A district may not issue for a service area any bonds that, when added to the outstanding and unpaid bonds already issued for that service area, would result in a total bond issuance that exceeds 25 percent of the total value of property in the service area, as assessed for county taxation.
Credits
Added by Acts 1982, c. 240, § 2.
Formerly Art. 43, § 654.
MD Code, Environment, § 9-683, MD ENVIR § 9-683
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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