Maryland Code § LG-21-507

Section LG-21-507
Open in Lexace · Ask the AI about this section
If no bonds authorized by this subtitle are outstanding with respect to a special
taxing district, the governing body of the county may use money in the special fund
for:
(1) any purpose specified in this subtitle;
(2) paying debt service on bonds to be issued later;

(3) payment or reimbursement of debt service that the county is
obligated under a general or limited obligation to pay, or has paid, on MEDCO
obligations or any bond, note, or other similar instrument issued by the State, any
unit or political subdivision of the State, or the Revenue Authority of Prince George's
County, the proceeds of which were used for any purpose specified in this subtitle; or
(4) payment to the county to provide money for any legal purpose as
determined by the governing body of the county.

‹ Prev All Maryland sections Next ›


Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.