§ 19–601
Statutes in effect as of October 1, 2026.
Md. Code Ann., Local Gov't § 19-601 (2026)
Title 19. Public Debt
Subtitle 6. Creation of Public Debt -- Public Schools
§ 19–601LinkCopy Citation
(a)
In this part the following words have the meanings indicated.
(b)
“Authorizing resolution” means an administrative resolution adopted by the legislative body of a county.
(c)
“County” includes a combination of two or more counties that have entered into an agreement under this part.
(d)
(1)
“Note” means an evidence of indebtedness of a county issued under this part.
(2)
“Note” includes:
(i)
a bond;
(ii)
commercial paper;
(iii)
a refunding bond;
(iv)
a refunding note; and
(v)
any other obligation.
(e)
“State share”, with reference to a particular county on a particular date, means the aggregate amount of the anticipated State share of the costs of public school construction and capital improvements under § 5–303 of the Education Article that:
(1)
has been approved by the Board of Public Works; and
(2)
has not been advanced to the county.