# Local Government (GLG)

## Title 18. Local Economic Development

### Subtitle 1. Parking Authorities Act

#### Section 18-117

(a) By local law, a county or municipality may guarantee the bonds as to payment of principal, interest, and any redemption premium by the full faith and credit of the county or municipality.

(b) A municipality may not grant an authority independent taxing authority.

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Md. Code Ann., Local Gov't (as displayed at mgaleg.maryland.gov, October 16, 2026)