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Maryland Code, Housing and Community Development § 16-206

Current as of January 01, 2025 | Updated by Findlaw Staff

(1) After considering the recommendations of the County Executive and holding a public hearing, the County Council shall approve, approve with modifications, or disapprove the proposed bond guarantee.

(2) The County Council shall state the terms and conditions of an approved bond guarantee, including:

(i) the maximum interest payable;

(ii) the terms of the bond issue;

(iii) the purposes for which the bond proceeds may be expended; and

(iv) the method of controlling the expenditures of the bond proceeds and the revenues and expenditures for housing projects financed by the bond proceeds.

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Cite this article: FindLaw.com - Maryland Code, Housing and Community Development § 16-206 - last updated January 01, 2025 | https://codes.findlaw.com/md/housing-and-community-development/md-code-hous-and-cmty-dev-sect-16-206/

FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.

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