Maryland § 19-604
Full text of Maryland Maryland Code § 19-604, with citation guidance and answers to common questions.
§ 19-604.
(a) The principal of the notes may be paid from:
(1) the proceeds of any of the State share for a county;
(2) any other revenues that are pledged to the payment of the notes in the authorizing resolution; or
(3) money made available to the county to finance the public school construction and capital improvements from:
(i) the State or unit of the State;
(ii) the federal government or a unit of the federal government; or
(iii) any other source.
(b) The interest on the notes may be paid from:
(1) any revenues, other than the proceeds of the State share for a county, that are pledged to the payment of the notes in the authorizing resolution; or
(2) money made available to the county to finance public school construction and capital improvements from:
(i) the State or a unit of the State, except for the State share allocated under this part for public school construction and capital improvements;
(ii) the federal government or a unit of the federal government; or
(iii) any other source.
(c) (1) A county may pledge its full faith and credit and taxing power to the payment of the principal of and interest on the notes in the authorizing resolution.
(2) A county that makes a pledge under paragraph (1) of this subsection shall, in each fiscal year that any of the notes are outstanding, impose ad valorem taxes on all assessable property in the county at a rate and amount sufficient to pay the principal of and interest on the notes maturing in that fiscal year.
(3) If the proceeds from the taxes imposed in any fiscal year prove inadequate for the payment, the county shall impose additional taxes in the succeeding fiscal year to make up the deficiency.
Frequently Asked Questions About Maryland § 19-604
What does Maryland Code § 19-604 cover?
Section 19-604 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 § 19-604?
A common citation format is "Maryland Code § 19-604" (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 § 19-604 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.