Md. Code, Envir. § 9-683
Current with changes from the 2024 Legislative Session
A district may not issue for a service area any bonds that, when added to the outstanding and unpaid bonds already issued for that service area, would result in a total bond issuance that exceeds 25 percent of the total value of property in the service area, as assessed for county taxation.
Md. Code, EN § 9-683