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§ 19-1002. Authorized use of proceeds

West's Annotated Code of MarylandLocal GovernmentEffective: July 1, 2021

West's Annotated Code of Maryland
Local Government (Refs & Annos)
Division IV. Local Finance [Titles 16-23] (Refs & Annos)
Title 19. Public Debt (Refs & Annos)
Subtitle 10. Public Debt--Grants and Loans for Septic Upgrades (Refs & Annos)
Effective: July 1, 2021
MD Code, Local Government, § 19-1002
§ 19-1002. Authorized use of proceeds
Currentness
A county may expend the net proceeds of the sale of an issue of notes only to:
(1) make grants and loans in accordance with § 9-1605.2(h)(2)(i) of the Environment Article;
(2) make grants and loans to cover engineering costs and non-best-available-technology components, including drainfields, needed for the repair of existing on-site sewage disposal systems or the installation of new on-site sewage disposal systems that use the best available technology for nitrogen removal; or
(3) refund one or more issues of notes.

Credits

Added by Acts 2021, c. 277, § 1, eff. July 1, 2021; Acts 2021, c. 278, § 1, eff. July 1, 2021.
MD Code, Local Government, § 19-1002, MD LOCAL GOVT § 19-1002
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.
End of Document