<?xml version='1.0' encoding='utf-8'?>
<section article="glg" article_name="Local Government" number="19-503" title_number="19" title_name="Public Debt" subtitle_number="5" subtitle_name="Creation of Public Debt -- Code Counties">
  <level label="a">
    <text>A county may:</text>
    <level label="1">
      <text>borrow money for any public purpose; and</text>
    </level>
    <level label="2">
      <text>issue and sell general obligation bonds to evidence the borrowing.</text>
    </level>
  </level>
  <level label="b">
    <text>By local law, a county may provide for the issuance of revenue bonds payable as to principal and interest solely from the revenues of one or more revenue–producing projects of the county.</text>
  </level>
  <level label="c">
    <text>Notwithstanding any other provision of this subtitle, a county may issue bonds:</text>
    <level label="1">
      <text>for sanitary facilities as provided in the Environment Article; and</text>
    </level>
    <level label="2">
      <text>as authorized by local law in effect on the date the county adopts code home rule.</text>
    </level>
  </level>
</section>
