§ 9–686
Statutes in effect as of October 1, 2026.
Md. Code Ann., Envir. § 9-686 (2026)
Title 9. Water, Ice, and Sanitary Facilities
Subtitle 6. Sanitary Commissions
§ 9–686LinkCopy Citation
Bonds issued under this subtitle shall:
(1)
Be dated;
(2)
Bear interest at the rate or rates that the sanitary commission determines;
(3)
Bear the seal of the district;
(4)
Be signed for the district;
(5)
Bear maturity dates that:
(i)
Are determined by the sanitary commission; and
(ii)
Are not more than 40 years from the date of issue; and
(6)
Subject to the limitation on liability of each member county of a multiple county district under § 9-696 of this subtitle, be endorsed by each member county as follows: “The payment of interest when due and the principal at maturity is guaranteed by .......... (name of member county), Maryland”.