{"data":{"id":"us-md/md.-code-environment-9-712","jurisdiction":"us-md","citation":"Md. Code, Environment § 9–712","heading":"","body":"(a) While any bonds issued under Part II of this subtitle are outstanding, the municipal authority annually shall levy a tax against all of the assessable property served within the municipality to pay the principal and interest on the bonds.\n(b) The tax shall be:\n(1) Sufficient to pay:\n(i) When due, the principal and interest on the bonds; or\n(ii) The part of the principal or interest on the bonds that is not paid for by the levy of the annual front-foot assessment under § 9-713 of this subtitle or by the service charges collected under § 9-714 of this subtitle; and\n(2) Treated the same as any other municipal tax in every respect, including as to:\n(i) Priority rights;\n(ii) Interest;\n(iii) Penalties; and\n(iv) Manner of determination, levy, and collection.\n(c) (1) Each person involved in the levy or collection of the taxes shall perform the duties promptly and properly.\n(2) A person may not use any funds collected under this section for any purpose other than the payment of principal and interest on the bonds.","path":["Article - Environment"],"source_url":"https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=gen\u0026section=9-712","current_through":"2026-01-01","vintage":"","retrieved_at":"2026-09-14T19:57:58Z","sha256":"93e46b2ad171d2f1646ca90c73ee37608f05a61d17806ad58f326a1fcdadcf22","source_id":"us-md","stale":false,"prev":"us-md/md.-code-environment-9-711","next":"us-md/md.-code-environment-9-713"},"notice":"GroundRules: Original legal text. Not legal advice."}