# Local Government (GLG)

## Title 19. Public Debt

### Subtitle 8. Creation of Public Debt -- Financing Residential Mortgages in Cecil County

#### Section 19-811

The principal amount of the bonds issued under this subtitle, the transfer of the bonds, the interest payable on the bonds, and any income derived from the bonds, including profit realized in the sale or exchange of the bonds, are exempt from State and local taxes.  

---

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