Md. Code, Local Gov't § 22-108

Maryland · Maryland Code, Local Government · Status: effective

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Citation: Md. Code, Local Gov't § 22-108, Maryland, version 1 as recorded 2026-09-29, yourstate.us, https://yourstate.us/provision/1783005
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(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 §§ 19–205 and 19–206 of this article.