# Local Government (GLG)

## Title 19. Public Debt

### Subtitle 9. Pension Liability Funding Bonds

#### Section 19-901

(a) In this subtitle the following words have the meanings indicated.

(b)

  (1) "Bond" means an obligation for the payment of money, by whatever name known or source of funds secured, issued by a governmental entity under general or special statutory authority.

  (2) "Bond" includes:

    (i) a bond;

    (ii) a certificate of indebtedness;

    (iii) an interim certificate; and

    (iv) a note.

(c) "Pension liability funding bond" means a bond authorized to be issued under this subtitle.

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