<?xml version='1.0' encoding='utf-8'?>
<section article="glg" article_name="Local Government" number="21-514" title_number="21" title_name="Special Taxing Districts" subtitle_number="5" subtitle_name="Districts for Infrastructure Improvements for Selected Counties">
  <level label="a">
    <text>Bonds are payable from the special fund required under § 21–506 of this subtitle.</text>
  </level>
  <level label="b">
    <text>Bonds issued under this subtitle are a special obligation of the county and are not a general obligation debt of the county or a pledge of the county’s full faith and credit or taxing power.</text>
  </level>
  <level label="c">
    <text>The governing body of a county that issues bonds under this subtitle may:</text>
    <level label="1">
      <text>establish a sinking fund;</text>
    </level>
    <level label="2">
      <text>establish a debt service reserve fund;</text>
    </level>
    <level label="3">
      <text>pledge other assets and revenues toward the payment of the principal of and interest on the bonds; or</text>
    </level>
    <level label="4">
      <text>provide for municipal bond insurance or any other financial guaranty of the bonds.</text>
    </level>
  </level>
</section>
