Maryland § 3-513
Full text of Maryland Maryland Code § 3-513, with citation guidance and answers to common questions.
§ 3-513.
(a) Bonds issued under this subtitle are not debt of the State or the Department.
(b) Bonds issued under this subtitle are not and may not be considered to constitute a debt or a pledge of the faith and credit of the State of Maryland or the Department.
(c) All bonds issued under this subtitle shall contain a statement on their face to the effect that:
(1) Neither the State nor the Department is obligated to pay the principal of or the interest on them; and
(2) Neither the faith and credit nor the taxing power of the State or the Department is pledged to the payment of the principal of or the interest on them.
(d) Bonds issued under this subtitle are obligations of the participating counties.
Frequently Asked Questions About Maryland § 3-513
What does Maryland Code § 3-513 cover?
Section 3-513 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 § 3-513?
A common citation format is "Maryland Code § 3-513" (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 § 3-513 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.