- (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.
Added by Acts 2013, c. 119, § 2, eff. Oct. 1, 2013. Amended by Acts 2015, c. 181, § 1, eff. Oct. 1, 2015.