Maryland § 19-903
Full text of Maryland Maryland Code § 19-903, with citation guidance and answers to common questions.
§ 19-903.
The General Assembly finds that it is in the best interests of the charter counties, code counties, and municipalities and the residents of the State to authorize each charter county, code county, or municipality to issue bonds in order to fund any unfunded liability of the county or municipality with respect to any pension or retirement plan or system to:
(1) use favorable market conditions that may exist to reduce the cost of the pension or retirement plan or system to the county or municipality; or
(2) otherwise structure and provide for pension plan liability funding in a manner consistent with the financial plans of the county or municipality.
Frequently Asked Questions About Maryland § 19-903
What does Maryland Code § 19-903 cover?
Section 19-903 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 § 19-903?
A common citation format is "Maryland Code § 19-903" (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 § 19-903 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.