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§ 19-903. Legislative findings

West's Annotated Code of MarylandLocal GovernmentEffective: October 1, 2013

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 9. Pension Liability Funding Bonds (Refs & Annos)
Effective: October 1, 2013
MD Code, Local Government, § 19-903
Formerly cited as MD CODE, Art. 31, § 32
§ 19-903. Legislative findings
Currentness
The General Assembly finds that it is in the best interests of the charter counties, code counties, and municipalities and the residents of the State to authorize each charter county, code county, or municipality to issue bonds in order to fund any unfunded liability of the county or municipality with respect to any pension or retirement plan or system to:
(1) use favorable market conditions that may exist to reduce the cost of the pension or retirement plan or system to the county or municipality; or
(2) otherwise structure and provide for pension plan liability funding in a manner consistent with the financial plans of the county or municipality.

Credits

Added by Acts 2013, c. 119, § 2, eff. Oct. 1, 2013.
MD Code, Local Government, § 19-903, MD LOCAL GOVT § 19-903
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