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Maryland · Through 2026-01-01

Md. Code, Local Government § 19–201

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  1. Article - Local Government

(a) In this subtitle the following words have the meanings indicated.

(b) (1) “Bond” means an obligation for the payment of money, by

whatever name known or source of funds secured, issued by a governmental entity

under general or special statutory authority.

(2) “Bond” includes:

(i) a bond;

(ii) a certificate of indebtedness;

(iii) an interim certificate; and

(iv) a note.

(c) “Enabling act” means a law that authorizes a governmental entity to

create a debt and sell bonds to evidence that debt.

Collected 2026-09-14T19:59:58Z. Source file · JSON

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