There is a newer version of the Maryland Code
2013 Maryland Code
ENVIRONMENT
§ 9-683 - Limitation on total of outstanding bonds
MD Env Code § 9-683 (2013) What's This?
§9-683.
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.
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