§ 1–1107
Statutes in effect as of October 1, 2026.
Md. Code Ann., Local Gov't § 1-1107 (2026)
Title 1. Definitions; General Provisions
Subtitle 11. Clean Energy Loan Programs
§ 1–1107LinkCopy Citation
(a)
A county or municipality may incur general obligation debt for the purposes under this subtitle.
(b)
Subject to subsection (c) of this section, a county or municipality may issue bonds to finance loans made under a program in accordance with the procedures of the county or municipality for authorization to sell and issue other evidences of indebtedness.
(c)
A bond issued in accordance with an ordinance or a resolution that pledges the full faith and credit of a county or municipality is subject to:
(1)
any applicable requirement of the Maryland Constitution and the county’s or municipality’s charter and laws on referendum for the issuance of general obligation debt; and
(2)
any limitation imposed by public general law, public local law, or charter on general obligation debt of the county or municipality.