# Housing and Community Development (GHS)

## Title 16. Montgomery County

### Subtitle 2. Bonds

#### Section 16-202

(a)

  (1) The Montgomery Commission shall meet the terms and conditions that the county government imposes in guaranteeing bonds issued under this subtitle and Sec. 12-702 of this article.

  (2) If guaranteed revenue bonds are to finance the total cost of the housing, the Montgomery Commission shall meet any requirements that the county government imposes after the bonds are issued to protect the financial solvency of the housing project.

(b) The total principal of the bonds guaranteed under this subtitle may not exceed $50,000,000.

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Md. Code Ann., Hous. & Cmty. Dev. (as displayed at mgaleg.maryland.gov, October 16, 2026)