Md. Code, Local Government § 19–219

(a) (1) Except for the provisions of this section, each governmental entity

shall comply with the provisions, requirements, and limitations in the enabling act.

(2) If a governmental entity is unable to sell bonds to pay the bond

anticipation notes under this part when due because of an interest rate limitation in

the enabling act, the governmental entity may:

(i) issue bonds in a total principal amount sufficient to pay the

principal of and not more than 1 year’s interest on the notes; and

(ii) provide for payment of interest on the bonds at a rate that

is higher than the interest rate limitation in the enabling act.

(3) This section is supplemental authority for a governmental entity

to issue bonds free of an interest rate limitation to pay outstanding bond anticipation

notes under this part.

(b) The ordinance, resolution, or other form of official action that authorizes

the issuance of bonds under subsection (a)(2) of this section shall refer to:

(1) the enabling act; and

(2) this section.