Maryland § 18-305
Full text of Maryland Maryland Code § 18-305, with citation guidance and answers to common questions.
§ 18-305.
(a) Whenever bonds that the Commission issues under Subtitle 2 of this title for acquisition of property in Montgomery County are sold, the Commission shall promptly certify to the county the amount of bonds issued, the rate of interest, and the maturities.
(b) The revenue from the tax under this section shall be the primary source of revenue for the payment of the principal of and interest on the bonds.
(c) While any bond is outstanding and unpaid, the county shall impose on all property in the county in the metropolitan district an annual tax in an amount sufficient to pay the principal of and interest on the bonds.
(d) The tax shall:
(1) be imposed and collected as county taxes are imposed and collected;
(2) have the same priority rights as county taxes;
(3) bear the same interest and penalties as county taxes; and
(4) be treated the same as county taxes in every other respect.
(e) Montgomery County shall:
(1) collect the tax; and
(2) remit to the Commission the tax collected every 60 days.
Frequently Asked Questions About Maryland § 18-305
What does Maryland Code § 18-305 cover?
Section 18-305 is part of the Maryland Code, the codified statutory law of Maryland. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Maryland § 18-305?
A common citation format is "Maryland Code § 18-305" (Maryland). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Maryland law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Maryland official source linked on this page or consult a licensed Maryland attorney.
How does Maryland § 18-305 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Maryland can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Maryland.