Maryland § 19-213
Full text of Maryland Maryland Code § 19-213, with citation guidance and answers to common questions.
§ 19-213.
(a) Bond and grant anticipation notes issued under this part shall be authorized by ordinance, resolution, or other form of official action customarily used by the governmental entity.
(b) (1) The ordinance, resolution, or other form of official action that authorizes the bond or grant anticipation notes shall state:
(i) the authority for the notes and, if the notes are bond anticipation notes, the authority for the bonds;
(ii) the amount of notes authorized; and
(iii) the terms of the notes.
(2) The ordinance, resolution, or other form of official action shall specify that the notes:
(i) be sold in a certain manner, at public sale or, if the governmental entity considers private negotiation to be in its best interest, at private sale;
(ii) mature at certain times;
(iii) bear interest at certain rates or at rates to be determined in the manner stated in the ordinance, resolution, or other form of official action; and
(iv) be sold for certain prices or for prices to be determined in the manner stated in the ordinance, resolution, or other form of official action, which may be at, above, or below par.
(3) The ordinance, resolution, or other form of official action may provide that the notes:
(i) be in one or more series, as money is required; and
(ii) be renewable at maturity with or without resale.
Frequently Asked Questions About Maryland § 19-213
What does Maryland Code § 19-213 cover?
Section 19-213 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 § 19-213?
A common citation format is "Maryland Code § 19-213" (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 § 19-213 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.