# Local Government (GLG)

## Title 21. Special Taxing Districts

### Subtitle 4. Municipal Special Taxing Districts

#### Section 21-420

(a) Bonds are payable from the special fund required under Sec. 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.

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