Maryland Code, ENVIRONMENT 9-924
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Terms Used In Maryland Code, ENVIRONMENT 9-924
- Contract: A legal written agreement that becomes binding when signed.
- Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
If a political subdivision that is not a member of an authority annexes real property that is served by the authority, the authority may continue to do business on and exercise jurisdiction over its properties and facilities over its annexed real property as long as:
(1) Any bond or indebtedness of the authority in effect at the time of the annexation remains outstanding or unpaid; or
(2) Any contract or other obligation of the authority in effect at the time of the annexation continues in force.