§ 22–106
Statutes in effect as of October 1, 2026.
Md. Code Ann., Local Gov't § 22-106 (2026)
Title 22. Resilience Infrastructure
Subtitle 1
§ 22–106LinkCopy Citation
(a)
Notwithstanding any other provision of law, a Resilience Authority may issue and sell bonds periodically:
(1)
for resilience infrastructure projects;
(2)
to refund outstanding bonds;
(3)
to pay the costs of preparing, printing, selling, and issuing the bonds;
(4)
to fund reserves; and
(5)
to pay the interest on the bonds in the amount and for the period the Resilience Authority considers reasonable.
(b)
Bonds issued by a Resilience Authority are limited obligations and are not a pledge of the faith and credit or taxing power of an incorporating local government.