Maryland § 9-688
Full text of Maryland Maryland Code § 9-688, with citation guidance and answers to common questions.
§ 9-688.
(a) In the manner that the sanitary commission determines to be in the best interest of the district and the member counties, a district may sell bonds issued under this subtitle:
(1) At public or private sale; and
(2) At a price that meets the requirements of this section.
(b) The district may not sell bonds at a price so low that the effective rate of interest is greater than the rate of interest that the sanitary commission has determined for the bonds.
(c) The effective interest rate of the bonds shall be computed:
(1) Without regard to any premium that might be paid to redeem the bonds before maturity; and
(2) Otherwise in accordance with standard tables of bond values.
Frequently Asked Questions About Maryland § 9-688
What does Maryland Code § 9-688 cover?
Section 9-688 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 § 9-688?
A common citation format is "Maryland Code § 9-688" (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 § 9-688 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.