{"data":{"id":"us-md/md.-code-local-government-19-903","jurisdiction":"us-md","citation":"Md. Code, Local Government § 19–903","heading":"","body":"The General Assembly finds that it is in the best interests of the charter\ncounties, code counties, and municipalities and the residents of the State to authorize\neach charter county, code county, or municipality to issue bonds in order to fund any\nunfunded liability of the county or municipality with respect to any pension or\nretirement plan or system to:\n(1) use favorable market conditions that may exist to reduce the cost\nof the pension or retirement plan or system to the county or municipality; or\n(2) otherwise structure and provide for pension plan liability funding\nin a manner consistent with the financial plans of the county or municipality.","path":["Article - Local Government"],"source_url":"https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=glg\u0026section=19-903","current_through":"2026-01-01","vintage":"","retrieved_at":"2026-09-14T19:59:58Z","sha256":"0bcea19fd37003a1a103e8e98fd9d6f73decfe638bd9ea108faa60929cf50908","source_id":"us-md","stale":false,"prev":"us-md/md.-code-local-government-19-902","next":"us-md/md.-code-local-government-19-904"},"notice":"GroundRules: Original legal text. Not legal advice."}