Section 1-1107 - Bonds - Intent; procedures; restrictions(a) A county or municipality may incur general obligation debt for the purposes under this subtitle.(b) Subject to subsection (c) of this section, a county or municipality may issue bonds to finance loans made under a program in accordance with the procedures of the county or municipality for authorization to sell and issue other evidences of indebtedness.(c) A bond issued in accordance with an ordinance or a resolution that pledges the full faith and credit of a county or municipality is subject to: (1) any applicable requirement of the Maryland Constitution and the county's or municipality's charter and laws on referendum for the issuance of general obligation debt; and(2) any limitation imposed by public general law, public local law, or charter on general obligation debt of the county or municipality.Revised and recodified by 2013 Md. Laws, Ch. 119,Sec. 2, eff. 10/1/2013.