Maryland § 4-1606
Full text of Maryland Maryland Code § 4-1606, with citation guidance and answers to common questions.
§ 4-1606.
(a) The legislative body of a covered county that undertakes a program shall adopt an ordinance or resolution that specifies:
(1) the proposed program;
(2) the amount of bonds to be issued;
(3) the interest rate or rates that the bonds will bear or the method to determine the rate or rates; and
(4) other provisions consistent with this subtitle that the legislative body considers appropriate to finance mortgage loans.
(b) An ordinance or resolution that authorizes the issuance of bonds shall include findings about:
(1) the appropriate ranges of income of families of low or moderate income;
(2) the need for the financing that is allowed under this subtitle;
(3) the types of housing available and needed in the covered county; and
(4) other factors that the legislative body of the covered county finds appropriate to establish a program.
(c) A finding by the legislative body of a covered county about the qualification of an individual or family as a family of low or moderate income, or about any other matter connected with a program is conclusive in a suit, action, or proceeding that involves the validity or enforceability of a bond issued under this subtitle or the security for the bond.
Frequently Asked Questions About Maryland § 4-1606
What does Maryland Code § 4-1606 cover?
Section 4-1606 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 § 4-1606?
A common citation format is "Maryland Code § 4-1606" (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 § 4-1606 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.