# Local Government (GLG)

## Title 22. Resilience Infrastructure

### Subtitle 1

#### Section 22-108

(a) The principal of and interest on bonds, the transfer of bonds, and any income derived from the bonds, including profits made in their sale or transfer, are forever exempt from State and local taxes.

(b) A contract for a resilience infrastructure project may provide that payment shall be made in bonds.

(c) A bond is not subject to the limitations of Sec.Sec. 19-205 and 19-206 of this article.

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