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Section 18-117 - Guarantee of Revenue Bonds; Independent Taxing Authority Not Conferred — Maryland Law | CourtGPT
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  8. Section 18-117 - Guarantee of Revenue Bonds; Independent Taxing Authority Not Conferred
Maryland Legal Code

Section 18-117 - Guarantee of Revenue Bonds; Independent Taxing Authority Not Conferred

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(a) By local law, a county or municipality may guarantee the bonds as to payment of principal, interest, and any redemption premium by the full faith and credit of the county or municipality. (b) A municipality may not grant an authority independent taxing authority.