§ 19–902

Statutes in effect as of October 1, 2026.

Md. Code Ann., Local Gov't § 19-902 (2026)

Title 19. Public Debt

Subtitle 9. Pension Liability Funding Bonds

(a)

This subtitle applies only to:

(1)

charter counties;

(2)

code counties; and

(3)

municipalities.

(b)

This subtitle applies only to a pension or retirement plan or system:

(1)

that is closed to new membership; and

(2)

under which a county or municipality is directly or indirectly obligated to pay or cause to be paid retirement, disability, death, or other benefits.