Md. Code, Local Gov't § 21-618
Md. Code, Local Gov't § 21-618
Maryland · Maryland Code, Local Government · Status: effective
Cite this
- Citation
- Md. Code, Local Gov't § 21-618, Maryland, version 1 as recorded 2026-09-29, yourstate.us, https://yourstate.us/provision/1782972
- Permanent ID
ys:prov:1782972@1- SHA-256
a72efef7adb8589ef87c1142219448cf6eccd4b840866862a4bc97e9bd323a23
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
(a) Bonds issued by Montgomery County or Prince George’s County to provide money for stormwater management remain valid, binding, and enforceable in accordance with their terms, including any provision for a maturity date beyond June 30, 1990.
(b) Notwithstanding the repeal, expiration, or termination after the date of issuance of the bonds of the authority under which the bonds were issued, the rights of the bondholders and the responsibilities and obligations of Montgomery County or Prince George’s County with respect to the bonds may not be impaired and shall remain in full force and effect.
(c) The responsibility of Montgomery County or Prince George’s County includes the responsibility to repay the bonds and to impose taxes for or otherwise guarantee the payment of the bonds.