§ 19-208. Small denominations
West's Annotated Code of MarylandLocal GovernmentEffective: October 1, 2013
Effective: October 1, 2013
MD Code, Local Government, § 19-208
Formerly cited as MD CODE, Art. 31, § 29
§ 19-208. Small denominations
(a)(1) Except as provided in paragraph (2) of this subsection, this section applies only to the following governmental entities:
(b) A governmental entity authorized to issue bonds:
(c)(1) A governmental entity may not have bonds outstanding under this section in excess of a total principal amount of the greater of:
(d) A governmental entity may sell bonds issued under this section in any manner that the governmental entity considers appropriate, notwithstanding §§ 19-205 and 19-206 of this subtitle or any other law that requires the solicitation of competitive bids or the public sale of bonds to the highest bidder or bidders or that regulates the manner in which the sale shall be advertised or the bonds sold.
(e)(1) A governmental entity that issues bonds under this section shall approve a disclosure document that includes:
Credits
Added by Acts 2013, c. 119, § 2, eff. Oct. 1, 2013.
MD Code, Local Government, § 19-208, MD LOCAL GOVT § 19-208
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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