Guarantee of revenue bonds; independent taxing authority not conferred.

  1. Law
  2. Maryland Code
  3. Local Government
  4. Local Finance
  5. Local Economic Development
  6. Parking Authorities Act
  7. Guarantee of revenue bonds; independent taxing authority not conferred.

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    (a)    By local law, a county or municipality may guarantee the bonds as to payment of principal, interest, and any redemption premium by the full faith and credit of the county or municipality.

    (b)    A municipality may not grant an authority independent taxing authority.


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