{"data":{"id":"us-md/md.-code-economic-development-12-305","jurisdiction":"us-md","citation":"Md. Code, Economic Development § 12–305","heading":"","body":"(a) Except as provided in subsection (b) of this section, the ordinance or resolution described in § 12-303 of this subtitle may provide that a bond may be secured and made payable from any combination of:\n(1) a pledge of the full faith and credit of the political subdivision and payable by taxes of general applicability;\n(2) an increase in real property tax revenues that is attributable to increases in assessed value in designated blighted areas resulting from carrying out the purposes for which the bond is issued;\n(3) revenues of the project or undertaking for which the bond is issued;\n(4) proceeds of bonds; or\n(5) other money that may be legally made available to pay the bond.\n(b) A bond issued by Baltimore City may not be secured under subsection (a)(2) of this section.","path":["Article - Economic Development"],"source_url":"https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=gec\u0026section=12-305","current_through":"2026-01-01","vintage":"","retrieved_at":"2026-09-14T19:57:28Z","sha256":"c12fa742f73a71210ecf74e0ea8bea641c5461482aff659700022c01abe7ebde","source_id":"us-md","stale":false,"prev":"us-md/md.-code-economic-development-12-304","next":"us-md/md.-code-economic-development-12-306"},"notice":"GroundRules: Original legal text. Not legal advice."}