§ 19-303. Procedures for issuing bonds
West's Annotated Code of MarylandLocal GovernmentEffective: October 1, 2013
Effective: October 1, 2013
MD Code, Local Government, § 19-303
Formerly cited as MD CODE, Art. 23A, § 32; MD CODE, Art. 23A, § 33
§ 19-303. Procedures for issuing bonds
(a) The issuance of all bonds of a municipality shall be authorized by a resolution adopted or an ordinance enacted by the legislative body of the municipality.
(b)(1) A resolution or an ordinance authorizing municipal bonds shall contain:
(c)(1) A resolution or an ordinance authorizing any municipal bonds may contain any other provision not inconsistent with this subtitle that the legislative body of the municipality considers appropriate, including a provision that:
(d)(1) The notice soliciting bids for the purchase of the bonds may:
(e) Unless the resolution, ordinance, or municipal charter requires a referendum, neither a resolution or an ordinance authorizing any bonds of a municipality nor the question of the issuance of the bonds need be submitted to referendum of the voters of the municipality.
Credits
Added by Acts 2013, c. 119, § 2, eff. Oct. 1, 2013.
MD Code, Local Government, § 19-303, MD LOCAL GOVT § 19-303
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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