§ 21–420
Statutes in effect as of October 1, 2026.
Md. Code Ann., Local Gov't § 21-420 (2026)
Title 21. Special Taxing Districts
Subtitle 4. Municipal Special Taxing Districts
§ 21–420LinkCopy Citation
(a)
Bonds are payable from the special fund required under § 21–412 of this subtitle.
(b)
The governing body of a municipality that issues bonds under this part may:
(1)
establish a sinking fund;
(2)
establish a debt service reserve fund;
(3)
pledge other assets and revenues toward the payment of the principal of and interest on the bonds; or
(4)
provide for municipal bond insurance or any other financial guaranty of the bonds.