Maryland § 19-219
Full text of Maryland Maryland Code § 19-219, with citation guidance and answers to common questions.
§ 19-219.
(a) (1) Except for the provisions of this section, each governmental entity shall comply with the provisions, requirements, and limitations in the enabling act.
(2) If a governmental entity is unable to sell bonds to pay the bond anticipation notes under this part when due because of an interest rate limitation in the enabling act, the governmental entity may:
(i) issue bonds in a total principal amount sufficient to pay the principal of and not more than 1 year’s interest on the notes; and
(ii) provide for payment of interest on the bonds at a rate that is higher than the interest rate limitation in the enabling act.
(3) This section is supplemental authority for a governmental entity to issue bonds free of an interest rate limitation to pay outstanding bond anticipation notes under this part.
(b) The ordinance, resolution, or other form of official action that authorizes the issuance of bonds under subsection (a)(2) of this section shall refer to:
(1) the enabling act; and
(2) this section.
Frequently Asked Questions About Maryland § 19-219
What does Maryland Code § 19-219 cover?
Section 19-219 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 § 19-219?
A common citation format is "Maryland Code § 19-219" (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 § 19-219 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.