Maryland · Maryland Code — Transportation Article
Md. Code, Transp. § 5-419: (a) Any political subdivision that has general taxing power in its jurisdiction may: (1) Issue its bonds in the amounts, at the rates of interest, and with the serial maturities that the governing body of the political subdivision determines by resolution, order, or ordinance; and (2) Use the procee
What this law says, in plain English
Political subdivisions with taxing power may issue bonds to finance airport projects, secured by property taxes, subject to debt limits of 4% of real property value and 10% of personal/operating property value.
Facing this? Know exactly what happens next.
MOFRD turns this code section into your situation: the deadlines that apply to you, the forms your county uses, and the resolution paths people in your position actually take. Free for 3 days — no card required.
This page is legal information, not legal advice. Code text is sourced from official publications and may lag amendments — always confirm at the official source linked above. Plain-English summaries and relationship data are AI-derived and reviewed on an ongoing basis; verify with a licensed attorney before acting.