Current with changes from the 2024 Legislative Session
Section 9-697 - Miscellaneous bond provisions(a) Each person who has a duty to act in the payment of principal and interest on bonds issued under this subtitle shall perform promptly the act that is required.(b)(1) Before a series of bonds is issued under this subtitle, the governing body of each member county that will be affected by the series shall advance to the district not more than $25,000.(2) From the first proceeds available from the sale of the bonds, the district shall repay the advances made by the member counties.(c) Unless the approval is required under this subtitle, a district is not required to obtain the approval of any entity before it issues bonds.(d) The provisions of §§ 19-205 and 19-206 of the Local Government Article do not apply to bonds issued under this subtitle.Amended by 2013 Md. Laws, Ch. 136,Sec. 1, eff. 10/1/2013.