§ 21-209. Borrowing money to pay for projects
West's Annotated Code of MarylandLocal GovernmentEffective: October 1, 2013
Effective: October 1, 2013
MD Code, Local Government, § 21-209
Formerly cited as MD CODE, Art. 25, § 163
§ 21-209. Borrowing money to pay for projects
(a) The district council may borrow money, on the full faith and credit of the district, to:
(b)(1) The money borrowed by the district council for a project shall:
(c)(1) The governing body of the county shall guarantee the payment of principal of and interest on any bonds issued by the district council under this section.
“The payment of interest when due and the principal at maturity is guaranteed by ..... County, Maryland.”
Credits
Added by Acts 2013, c. 119, § 2, eff. Oct. 1, 2013.
MD Code, Local Government, § 21-209, MD LOCAL GOVT § 21-209
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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