§ 19–214
Statutes in effect as of October 1, 2026.
Md. Code Ann., Local Gov't § 19-214 (2026)
Title 19. Public Debt
Subtitle 2. Public Securities
§ 19–214LinkCopy Citation
(a)
A governmental entity may not issue bond anticipation notes under this part in a total principal amount that exceeds the authorized amount of the bonds in anticipation of the sale of which the notes are issued and sold.
(b)
A governmental entity may not issue grant anticipation notes under this part in a total amount, including interest, that exceeds the amount of the grant in anticipation of the receipt of which the notes are issued and sold.