# Local Government (GLG)

## Title 19. Public Debt

### Subtitle 6. Creation of Public Debt -- Public Schools

#### Section 19-601

(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 Sec. 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.

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