Maryland Code, TRANSPORTATION 3-514

Ask a legal question, get an answer ASAP!
Click here to chat with a lawyer about your rights.

County: means a county of the State or Baltimore City. See
state: means :

(1) a state, possession, territory, or commonwealth of the United States; or

(2) the District of Columbia. See

(a) Subject to § 3-515 of this subtitle, the Department may allow any county in this State to participate in an issue of bonds under this subtitle.

(b) On the date designated by the Department, a county that desires to participate shall notify the Department of:

(1) Its desire to participate in the proceeds of the next series of bonds to be issued under this subtitle;

(2) The proposed amount of its participation; and

(3) A description of the revenues to be pledged by the county to pay debt service on the bonds.