Maryland § 19-302
Full text of Maryland Maryland Code § 19-302, with citation guidance and answers to common questions.
§ 19-302.
(a) A municipality may:
(1) borrow money for any public purpose; and
(2) issue and sell general obligation bonds to evidence the borrowing.
(b) In its charter, a municipality may provide for the issuance of revenue bonds payable as to principal and interest solely from the revenues of one or more revenue–producing projects of the municipality.
(c) (1) Unless the charter of the municipality provides otherwise, in anticipation of the receipt of current taxes, a municipality may:
(i) borrow money for any public purpose; and
(ii) issue and sell tax anticipation notes to evidence the borrowing.
(2) The municipality shall pay the principal of and interest on tax anticipation notes when current taxes are received.
(3) Tax anticipation notes:
(i) shall be issued in accordance with § 19–303 of this subtitle; but
(ii) may be sold by private negotiations.
Frequently Asked Questions About Maryland § 19-302
What does Maryland Code § 19-302 cover?
Section 19-302 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 § 19-302?
A common citation format is "Maryland Code § 19-302" (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 § 19-302 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.