Md. Code, Local Government § 22–108

(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.