Current with changes from the 2024 Legislative Session
Section 3-514 - Participation of counties(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.