Md. Code Ann., Transp. § 3-304
Participation of counties in the proceeds of the sale of bonds
Effective Apr 10, 2001Added by Acts 1977, c. 13, § 2, eff. July 1, 1977. Amended by Acts 1982, c. 22; Acts 1987, c. 414; Acts 2001, c. 29, § 6, eff. April 10, 2001.State of Maryland
- (a) Subject to the provisions of § 3-307 of this subtitle, any county in this State may participate in the proceeds of the sale of bonds issued 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 by the Department; and
- (2) The proposed amount of its participation.
- (c) The Department may extend the date for notification when appropriate.
Added by Acts 1977, c. 13, § 2, eff. July 1, 1977. Amended by Acts 1982, c. 22; Acts 1987, c. 414; Acts 2001, c. 29, § 6, eff. April 10, 2001.
Formerly Art. 89B, § 211G-1.