§ 3-514
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/md/transportation/3-514A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§3–514.
(a)Subject to § 3-515 of this subtitle, the Department may allow any county in this State to participate in an issue of bonds under this subtitle.
(b)On the date designated by the Department, a county that desires to participate shall notify the Department of:
(1)Its desire to participate in the proceeds of the next series of bonds to be issued under this subtitle;
(2)The proposed amount of its participation; and
(3)A description of the revenues to be pledged by the county to pay debt service on the bonds.
(c)The Department may extend the date for notification when appropriate.