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§ 22-108. Bonds; taxes; contracts

West's Annotated Code of MarylandLocal GovernmentEffective: July 1, 2020

West's Annotated Code of Maryland
Local Government (Refs & Annos)
Division IV. Local Finance [Titles 16-23] (Refs & Annos)
Title 22. Resilience Infrastructure (Refs & Annos)
Effective: July 1, 2020
MD Code, Local Government, § 22-108
§ 22-108. Bonds; taxes; contracts
Currentness
Taxes
(a) The principal of and interest on bonds, the transfer of bonds, and any income derived from the bonds, including profits made in their sale or transfer, are forever exempt from State and local taxes.
Contracts
(b) A contract for a resilience infrastructure project may provide that payment shall be made in bonds.
Application of other laws
(c) A bond is not subject to the limitations of §§ 19-205 and 19-206 of this article.

Credits

Added by Acts 2020, c. 235, § 1, eff. July 1, 2020; Acts 2020, c. 236, § 1, eff. July 1, 2020.
MD Code, Local Government, § 22-108, MD LOCAL GOVT § 22-108
Current through legislation effective through April 9, 2023, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
End of Document