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§ 19-610. Exemptions and terms

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 6. Creation of Public Debt--Public Schools (Refs & Annos)
Part I. Public Schools--in General (Refs & Annos)
Effective: October 1, 2013
MD Code, Local Government, § 19-610
Formerly cited as MD CODE, Art. 31, § 33
§ 19-610. Exemptions and terms
Currentness
Resolution, notes, and agreements
(a) The authorizing resolution, and notes and agreements authorized under the authorizing resolution, are not subject to:
(1) procedures required for legislative acts; or
(2) referendum.
Covenants regarding payment
(b) The authorizing resolution may include covenants regarding the payment of principal of and interest on the notes, notwithstanding any:
(1) limitation in the county charter;
(2) other public general law; or
(3) public local law.
Authorizing resolution; capital projects
(c)(1) A county may adopt an authorizing resolution without complying with any procedures in:
(i) the county charter;
(ii) any public general law; or
(iii) a public local law.
(2) Public school construction and capital improvements financed by a county under this part are not a capital project of a county for purposes of any constitutional, charter, statutory, or other limitation.
Limitations on issuance of indebtedness
(d) Any notes or agreements issued or entered into under this part may not be subject to or included in any constitutional, charter, statutory, or other limitation for the issuance of indebtedness by a county.
Self-executing
(e) The provisions of this part are self-executing.

Credits

Added by Acts 2013, c. 119, § 2, eff. Oct. 1, 2013.
MD Code, Local Government, § 19-610, MD LOCAL GOVT § 19-610
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