reglab/housing_qa huggingface dataset:
MD. Local Government Code Ann. §  19-103 (2021)
2021 Maryland Statutes|Local Government|Division IV - Local Finance|Title 19 - Public Debt|Subtitle 1 - General Provisions|Section 19-103 - Security for Borrowing in Anne Arundel and Prince George's Counties

    (a)    (1)    Any charter provision of Anne Arundel County or Prince George’s County that requires or has the effect of requiring the county to pledge unlimited taxing powers, as to either the rate or amount, for the repayment of county debt may not be given effect if any later adopted charter provision is inconsistent with the pledge.        (2)    Paragraph (1) of this subsection applies to all bonds issued by Anne Arundel County or Prince George’s County before June 30, 1981.    (b)    To secure the payment of the principal of and interest on debt, Anne Arundel County or Prince George’s County, by charter provision or legislative act, may:        (1)    create, pledged for payment of principal of and interest on debt:            (i)    a sinking fund;            (ii)    a debt service fund;            (iii)    a debt service reserve fund; or            (iv)    any other trust fund, including a fund held by a corporate trustee;        (2)    if sufficient money for the timely payment of principal of and interest on debt is not available or if there is a default in payment, provide that the first received general fund revenues of the county shall be applied to payment of principal of and interest on debt in an amount sufficient to:            (i)    make a payment when due; or            (ii)    cure the default; and        (3)    pledge any county revenue to pay principal of and interest on the debt.    (c)    A charter provision of Anne Arundel County or Prince George’s County may not impair or be construed to impair the obligation of the county to impose and collect taxes to provide for the payment when due of principal of and interest on bonds of the county, or on bonds guaranteed by the county, if:        (1)    the county has pledged unlimited taxing powers to the bonds; and        (2)    the bonds are outstanding on the effective date of the charter provision.
MD. Local Government Code Ann. §  19-104 (2021)
2021 Maryland Statutes|Local Government|Division IV - Local Finance|Title 19 - Public Debt|Subtitle 1 - General Provisions|Section 19-104 - Calvert County -- Private Activity Bond Issuance Fee

    The County Commissioners of Calvert County:        (1)    may charge a fee for the issuance of tax–exempt private activity bonds; and        (2)    shall dedicate the proceeds of the fee to the Economic Development Loan Fund of the county.
MD. Local Government Code Ann. §  19-105 (2021)
2021 Maryland Statutes|Local Government|Division IV - Local Finance|Title 19 - Public Debt|Subtitle 1 - General Provisions|Section 19-105 - Frederick County -- Bond Rating Enhancement Reserve

    The governing body of Frederick County shall establish and maintain a bond rating enhancement reserve.
MD. Local Government Code Ann. §  19-106 (2021)
2021 Maryland Statutes|Local Government|Division IV - Local Finance|Title 19 - Public Debt|Subtitle 1 - General Provisions|Section 19-106 - Harford County -- Collateral for Deposit of Funds

    Notwithstanding any other law, the pledge of any bonds or obligations issued on the full faith and credit of Harford County or any general obligation bonds of the State shall be accepted as sufficient collateral for the deposit of any money of Harford County.
MD. Local Government Code Ann. §  19-301 (2021)
2021 Maryland Statutes|Local Government|Division IV - Local Finance|Title 19 - Public Debt|Subtitle 3 - Creation of Public Debt -- Municipalities|Section 19-301 - Conflict With Charter; Authority to Adopt Charter Amendments and to Exercise Powers

    (a)    In its charter, each municipality may provide a procedure to borrow money for any public purpose that is different from the procedure described in this subtitle.    (b)    If a conflict exists between this subtitle and the charter of a municipality, the charter controls.    (c)    Notwithstanding this subtitle or the charter of the municipality, each municipality may exercise all powers granted to municipalities under Title 9 of the Environment Article.
MD. Local Government Code Ann. §  19-302 (2021)
2021 Maryland Statutes|Local Government|Division IV - Local Finance|Title 19 - Public Debt|Subtitle 3 - Creation of Public Debt -- Municipalities|Section 19-302 - Authority to Borrow Money and Issue Bonds and Tax Anticipation Notes

    (a)    A municipality may:        (1)    borrow money for any public purpose; and        (2)    issue and sell general obligation bonds to evidence the borrowing.    (b)    In its charter, a municipality may provide for the issuance of revenue bonds payable as to principal and interest solely from the revenues of one or more revenue–producing projects of the municipality.    (c)    (1)    Unless the charter of the municipality provides otherwise, in anticipation of the receipt of current taxes, a municipality may:            (i)    borrow money for any public purpose; and            (ii)    issue and sell tax anticipation notes to evidence the borrowing.        (2)    The municipality shall pay the principal of and interest on tax anticipation notes when current taxes are received.        (3)    Tax anticipation notes:            (i)    shall be issued in accordance with § 19–303 of this subtitle; but            (ii)    may be sold by private negotiations.
MD. Local Government Code Ann. §  19-304 (2021)
2021 Maryland Statutes|Local Government|Division IV - Local Finance|Title 19 - Public Debt|Subtitle 3 - Creation of Public Debt -- Municipalities|Section 19-304 - Limitations on Authority to Issue Bonds and Tax Anticipation Notes

    (a)    (1)    A municipality may not issue bonds that mature later than 40 years after the date of issue.        (2)    A municipality may not issue tax anticipation notes that mature later than 18 months after the date of issue.    (b)    A municipality may issue bonds and tax anticipation notes only for cash.    (c)    A municipality may not sell bonds or tax anticipation notes at less than par value.    (d)    (1)    If the charter of a municipality requires a referendum on the issuance of municipal bonds, the bonds may be issued only if the bonds are approved by a majority of voters voting on the question.        (2)    If the referendum fails, another referendum may not be held on the question of issuing bonds for the same public purpose until 1 year after the election.    (e)    A municipality may not sell bonds unless the municipality:        (1)    solicits competitive bids at a public sale; and        (2)    publishes notice of the bond sale:            (i)    in the form required by the resolution or ordinance;            (ii)    in a newspaper of general circulation in the municipality and any other publication that is specified in the resolution or ordinance; and            (iii)    two times over a period of at least 10 days before the date specified for the bond sale.
MD. Local Government Code Ann. §  19-305 (2021)
2021 Maryland Statutes|Local Government|Division IV - Local Finance|Title 19 - Public Debt|Subtitle 3 - Creation of Public Debt -- Municipalities|Section 19-305 - Negotiability of Bonds and Tax Anticipation Notes

    All bonds and tax anticipation notes issued in accordance with the charter of a municipality or this subtitle shall be considered investment securities as provided in § 19–224 of this title.
MD. Local Government Code Ann. §  19-306 (2021)
2021 Maryland Statutes|Local Government|Division IV - Local Finance|Title 19 - Public Debt|Subtitle 3 - Creation of Public Debt -- Municipalities|Section 19-306 - Tax Status of Bonds and Tax Anticipation Notes

    The principal of and interest on bonds or tax anticipation notes issued in accordance with the charter of a municipality or this subtitle are exempt from State and local taxes.
MD. Local Government Code Ann. §  19-307 (2021)
2021 Maryland Statutes|Local Government|Division IV - Local Finance|Title 19 - Public Debt|Subtitle 3 - Creation of Public Debt -- Municipalities|Section 19-307 - Investment of Sinking Fund and Bond Proceeds

    (a)    A fiscal officer of a municipality who has custody of a sinking fund established by the municipality to pay the principal of or the interest on bonds issued in accordance with the charter of the municipality or this subtitle may invest the sinking fund only as provided in § 19–102 of this title.    (b)    A fiscal officer of a municipality who has custody of bond proceeds may invest the proceeds as provided in §§ 17–101 and 17–102 of this article.
MD. Local Government Code Ann. §  19-309 (2021)
2021 Maryland Statutes|Local Government|Division IV - Local Finance|Title 19 - Public Debt|Subtitle 3 - Creation of Public Debt -- Municipalities|Section 19-309 - Effect of Subtitle

    This subtitle does not impair any term or condition of any bond, note, or other obligation of a municipality issued by the municipality before Article XI–E of the Maryland Constitution took effect.
MD. Local Government Code Ann. §  19-401 (2021)
2021 Maryland Statutes|Local Government|Division IV - Local Finance|Title 19 - Public Debt|Subtitle 4 - Creation of Public Debt -- Charter Counties|Section 19-401 - In General

    Section 10–203 of this article applies to the creation of public debt by a charter county.
MD. Local Government Code Ann. §  19-501 (2021)
2021 Maryland Statutes|Local Government|Division IV - Local Finance|Title 19 - Public Debt|Subtitle 5 - Creation of Public Debt -- Code Counties|Section 19-501 - "Public Local Law" Defined

    In this subtitle, “public local law” has the meaning stated in Article XI–F, § 1 of the Maryland Constitution.
MD. Local Government Code Ann. §  19-502 (2021)
2021 Maryland Statutes|Local Government|Division IV - Local Finance|Title 19 - Public Debt|Subtitle 5 - Creation of Public Debt -- Code Counties|Section 19-502 - Scope of Subtitle

    This subtitle applies only to code counties.
MD. Local Government Code Ann. §  19-503 (2021)
2021 Maryland Statutes|Local Government|Division IV - Local Finance|Title 19 - Public Debt|Subtitle 5 - Creation of Public Debt -- Code Counties|Section 19-503 - Authority to Borrow Money and Issue Bonds

    (a)    A county may:        (1)    borrow money for any public purpose; and        (2)    issue and sell general obligation bonds to evidence the borrowing.    (b)    By local law, a county may provide for the issuance of revenue bonds payable as to principal and interest solely from the revenues of one or more revenue–producing projects of the county.    (c)    Notwithstanding any other provision of this subtitle, a county may issue bonds:        (1)    for sanitary facilities as provided in the Environment Article; and        (2)    as authorized by local law in effect on the date the county adopts code home rule.
MD. Local Government Code Ann. §  19-505 (2021)
2021 Maryland Statutes|Local Government|Division IV - Local Finance|Title 19 - Public Debt|Subtitle 5 - Creation of Public Debt -- Code Counties|Section 19-505 - Limitations on Authority to Issue Bonds

    (a)    A county may not issue bonds that mature later than 40 years after the date of issue.    (b)    A county may issue bonds only for cash.    (c)    A county may not sell bonds at less than par value.    (d)    If a legally sufficient referendum petition on a public local law authorizing the issuance of bonds is properly filed with the county board of elections, the bonds may be issued only if the public local law is approved by a majority of the voters voting on the question.    (e)    Any bonds sold by a county are subject to §§ 19–205 and 19–206 of this title, unless the public local law authorizing the bonds provides a specific exemption.
MD. Local Government Code Ann. §  19-506 (2021)
2021 Maryland Statutes|Local Government|Division IV - Local Finance|Title 19 - Public Debt|Subtitle 5 - Creation of Public Debt -- Code Counties|Section 19-506 - Negotiability of Bonds

    Any bonds issued in accordance with this subtitle shall be considered investment securities as provided in § 19–224 of this title and Title 8 of the Maryland Uniform Commercial Code.
MD. Local Government Code Ann. §  19-507 (2021)
2021 Maryland Statutes|Local Government|Division IV - Local Finance|Title 19 - Public Debt|Subtitle 5 - Creation of Public Debt -- Code Counties|Section 19-507 - Tax Status of Bonds

    The principal of and interest on bonds issued in accordance with this subtitle are exempt from State and local taxes.
MD. Local Government Code Ann. §  19-508 (2021)
2021 Maryland Statutes|Local Government|Division IV - Local Finance|Title 19 - Public Debt|Subtitle 5 - Creation of Public Debt -- Code Counties|Section 19-508 - Investment of Sinking Fund and Bond Proceeds

    (a)    A county fiscal officer who has custody of a sinking fund established by the county to pay the principal of or the interest on bonds issued in accordance with this subtitle may invest the sinking fund only as provided in § 19–102 of this title.    (b)    A county fiscal officer who has custody of bond proceeds may invest the proceeds as provided in §§ 17–101 and 17–102 of this article.
MD. Local Government Code Ann. §  19-510 (2021)
2021 Maryland Statutes|Local Government|Division IV - Local Finance|Title 19 - Public Debt|Subtitle 5 - Creation of Public Debt -- Code Counties|Section 19-510 - Effect of Subtitle

    This subtitle does not impair any term or condition of any bond, note, or other obligation of a county issued or authorized to be issued by the county before adoption of code home rule.
MD. Local Government Code Ann. §  19-701 (2021)
2021 Maryland Statutes|Local Government|Division IV - Local Finance|Title 19 - Public Debt|Subtitle 7 - Creation of Public Debt -- Public Libraries in Calvert County, Harford County, and St. Mary's County|Section 19-701 - Scope of Subtitle

    This subtitle applies only to:        (1)    Calvert County;        (2)    Harford County; and        (3)    St. Mary’s County.
MD. Local Government Code Ann. §  19-702 (2021)
2021 Maryland Statutes|Local Government|Division IV - Local Finance|Title 19 - Public Debt|Subtitle 7 - Creation of Public Debt -- Public Libraries in Calvert County, Harford County, and St. Mary's County|Section 19-702 - Authority to Borrow Money for Public Libraries

    (a)    The governing body of a county may borrow money to pay any of the capital construction costs of public library buildings in the county.    (b)    The County Commissioners of St. Mary’s County may borrow money to pay any of the costs of preservation for public libraries in the county.
MD. Local Government Code Ann. §  19-703 (2021)
2021 Maryland Statutes|Local Government|Division IV - Local Finance|Title 19 - Public Debt|Subtitle 7 - Creation of Public Debt -- Public Libraries in Calvert County, Harford County, and St. Mary's County|Section 19-703 - Evidence of Indebtedness

    The governing body of a county may:        (1)    issue bonds, notes, or other evidence of indebtedness to repay money borrowed under this subtitle; and        (2)    impose a tax to pay the principal of and interest on the evidences of indebtedness.
MD. Local Government Code Ann. §  19-801 (2021)
2021 Maryland Statutes|Local Government|Division IV - Local Finance|Title 19 - Public Debt|Subtitle 8 - Creation of Public Debt -- Financing Residential Mortgages in Cecil County|Section 19-801 - "Program" Defined

    In this subtitle, “program” means a residential mortgage program authorized under this subtitle.
MD. Local Government Code Ann. §  19-802 (2021)
2021 Maryland Statutes|Local Government|Division IV - Local Finance|Title 19 - Public Debt|Subtitle 8 - Creation of Public Debt -- Financing Residential Mortgages in Cecil County|Section 19-802 - Construction of Subtitle

    A transaction under this subtitle is not a capital project within the meaning of any statutory or charter provision.
MD. Local Government Code Ann. §  19-804 (2021)
2021 Maryland Statutes|Local Government|Division IV - Local Finance|Title 19 - Public Debt|Subtitle 8 - Creation of Public Debt -- Financing Residential Mortgages in Cecil County|Section 19-804 - Enactment of Ordinance or Resolution Required

    (a)    By ordinance or resolution, the governing body of Cecil County shall specify:        (1)    the program;        (2)    the amount of bonds to be issued under the program;        (3)    the interest rate of the bonds, or the manner of determining the rate; and        (4)    other provisions not inconsistent with this subtitle to effect the financing of the mortgage loans.    (b)    In the ordinance or resolution adopted under this subtitle, the governing body of Cecil County shall make findings regarding:        (1)    the need for the financing authorized under this subtitle;        (2)    the types of housing available and needed in the county; and        (3)    other factors that the governing body finds appropriate to establish a program.    (c)    An ordinance or resolution adopted under this subtitle is not subject to:        (1)    referendum; or        (2)    other procedures that do not apply to all ordinances or resolutions enacted by Cecil County.
MD. Local Government Code Ann. §  19-805 (2021)
2021 Maryland Statutes|Local Government|Division IV - Local Finance|Title 19 - Public Debt|Subtitle 8 - Creation of Public Debt -- Financing Residential Mortgages in Cecil County|Section 19-805 - Powers of Cecil County

    (a)    (1)    Notwithstanding any other law, Cecil County may issue revenue bonds, notes, or other evidence of indebtedness to accomplish the purposes of this subtitle.        (2)    The county may use money borrowed under this subtitle to make funds available, directly or through mortgage lending institutions, for residential mortgage loans by:            (i)    forward commitment mortgage purchases;            (ii)    existing mortgage purchases;            (iii)    loans to lenders;            (iv)    a revolving mortgage fund; or            (v)    any other manner the county considers appropriate.        (3)    (i)    The county may issue new bonds to provide funds for the payment of any outstanding bonds in accordance with this subtitle and § 19–207 of this title.            (ii)    The new bonds shall be secured to the same extent and have the same source of payment as the refunded bonds.    (b)    The amount borrowed under this subtitle may not exceed $35,000,000 in the total aggregate amount.    (c)    Cecil County may collect participation charges to cover loan processing, loan administration, mortgage insurance, and other costs and expenses of a program from a borrower participating in the program.    (d)    A program may provide for:        (1)    loan agreements;        (2)    security agreements;        (3)    loan servicing agreements;        (4)    forms of mortgages, notes, and deeds of trust; and        (5)    other appropriate securities, documents, agreements, and provisions.
MD. Local Government Code Ann. §  19-806 (2021)
2021 Maryland Statutes|Local Government|Division IV - Local Finance|Title 19 - Public Debt|Subtitle 8 - Creation of Public Debt -- Financing Residential Mortgages in Cecil County|Section 19-806 - Individual Mortgage Loans

    (a)    (1)    A program shall require a down payment of at least 10% of the purchase price of the dwelling.        (2)    (i)    The down payment may be in the form of cash or real property owned by a mortgagor on which a dwelling has been constructed.            (ii)    If the down payment is in the form of real property, the property shall be valued at the lesser of its purchase price or appraised value.    (b)    An individual mortgage loan authorized under a program may not exceed $90,000.
MD. Local Government Code Ann. §  19-807 (2021)
2021 Maryland Statutes|Local Government|Division IV - Local Finance|Title 19 - Public Debt|Subtitle 8 - Creation of Public Debt -- Financing Residential Mortgages in Cecil County|Section 19-807 - Bonds; Use of Revenue

    (a)    (1)    A bond issued under this subtitle:            (i)    shall be negotiable;            (ii)    may be issued in coupon form or registrable as to principal or as to both principal and interest;            (iii)    may be issued to bear interest, payable annually, semiannually, or otherwise; and            (iv)    may be executed, issued, or delivered at any time.        (2)    (i)    A bond issued under this subtitle shall be signed by the president of the governing body of Cecil County.            (ii)    The seal of the county shall be affixed to the bond and attested to by the clerk or the officer performing the functions of the clerk.            (iii)    An officer’s signature or countersignature on a bond or coupon remains valid even if the officer ceases to be an officer before the delivery of the bond.        (3)    (i)    The county may not issue a bond under this subtitle that matures later than 40 years from the date of issue.            (ii)    The county shall pay for a mature bond at the place that the county determines.    (b)    Bonds issued under this subtitle may be secured by a pledge of mortgages or notes secured by deeds of trust on any type of interest in real or other property, including:        (1)    real property or other interests held by stock cooperatives and condominiums and their unit owners;        (2)    servicing agreements;        (3)    condemnation proceeds;        (4)    proceeds of private mortgage insurance or casualty and special hazard insurance; or        (5)    any other security that Cecil County determines is appropriate.    (c)    Bonds issued under this subtitle may provide that the bonds may be redeemed, at the option of Cecil County, before maturity, at the price and under the terms and conditions that the county sets before the bonds are issued.    (d)    Money received from bonds issued under this subtitle may be used only to:        (1)    make residential mortgage loans in Cecil County, either directly or through mortgage lending institutions;        (2)    establish reserve funds;        (3)    pay necessary financing expenses; or        (4)    advance the payment of interest on the bonds during the 3 years after the date of the bonds.
MD. Local Government Code Ann. §  19-808 (2021)
2021 Maryland Statutes|Local Government|Division IV - Local Finance|Title 19 - Public Debt|Subtitle 8 - Creation of Public Debt -- Financing Residential Mortgages in Cecil County|Section 19-808 - Manner and Price of Sale of Bonds; Exemptions

    (a)    Cecil County shall sell bonds authorized under this subtitle at public or private sale and on the terms that the county considers best.    (b)    Bonds issued under this subtitle are exempt from §§ 19–205 and 19–206 of this title.
MD. Local Government Code Ann. §  19-809 (2021)
2021 Maryland Statutes|Local Government|Division IV - Local Finance|Title 19 - Public Debt|Subtitle 8 - Creation of Public Debt -- Financing Residential Mortgages in Cecil County|Section 19-809 - Payment of Bonds

    (a)    A bond issued under this subtitle and the interest on the bond are limited obligations of Cecil County.    (b)    Cecil County may pay the principal of and interest on a bond issued under this subtitle only from:        (1)    revenues derived from interest, mortgage insurance proceeds, casualty or special hazard insurance proceeds, other insurance proceeds, or condemnation proceeds; or        (2)    other revenues derived from or related to loans made under a program.    (c)    Bonds and interest coupons issued under this subtitle:        (1)    are not debts or charges against the general credit or taxing powers of Cecil County within the meaning of any constitutional or county code provision or statutory limitation; and        (2)    do not give rise to any pecuniary liability of the county.    (d)    On the advice of counsel, Cecil County may state on the face of a bond that the bond:        (1)    is issued under this subtitle; and        (2)    is not an indebtedness to which the faith and credit of the county is pledged.