Sec. 42-34. Constituted Authority.
Montgomery County, Md., Code § 42-34 (2026)
Sec. 42-34. Constituted Authority.LinkCopy Citation
(a)
It is the intent of the County that the Authority is a "constituted authority" within the meaning of the Internal Revenue Code of 1986, as amended, and the relevant regulations, rulings, and procedures.
(b)
The powers of the Authority must be construed to give effect to this intent.