2013 Maryland Code
HOUSING AND COMMUNITY DEVELOPMENT
§ 16-202 - Terms and conditions of bond guarantees
§16-202.
(a) (1) The Montgomery Commission shall meet the terms and conditions that the county government imposes in guaranteeing bonds issued under this subtitle and § 12-702 of this article.
(2) If guaranteed revenue bonds are to finance the total cost of the housing, the Montgomery Commission shall meet any requirements that the county government imposes after the bonds are issued to protect the financial solvency of the housing project.
(b) The total principal of the bonds guaranteed under this subtitle may not exceed $50,000,000.
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