§ 9-683. Limitation on total of outstanding bonds

MD Env Code § 9-683 (2019) (N/A)
Copy with citation
Copy as parenthetical citation

A district may not issue for a service area any bonds that, when added to the outstanding and unpaid bonds already issued for that service area, would result in a total bond issuance that exceeds 25 percent of the total value of property in the service area, as assessed for county taxation.