(a) If bonds are issued for projects having different probable useful lives, the authority shall consider the amount of the bonds to be issued for each project when it determines the average probable useful life of the projects.
(b) The determination under this section by an authority of probable useful life of the project or average probable useful life of the projects is conclusive.
Structure Maryland Statutes
Title 18 - Local Economic Development
Subtitle 1 - Parking Authorities Act
Section 18-102 - Legislative Findings; Purposes of Subtitle
Section 18-103 - Scope of Subtitle
Section 18-104 - Powers of Counties or Municipalities -- in General
Section 18-105 - Authority Established
Section 18-106 - Powers of Counties or Municipalities -- Amendments
Section 18-108 - Powers of Authority -- in General
Section 18-109 - Powers of Authority -- Enactment by County
Section 18-110 - Authority Property Exempt From Taxation
Section 18-111 - Earnings of Authority
Section 18-112 - Termination of Authority
Section 18-113 - Act of Authority Not Subject to Challenge
Section 18-114 - Revenue Bonds
Section 18-115 - Revenue Bonds -- Probable Useful Life of Project
Section 18-116 - Revenue Bonds -- Matters Determined by Local Law
Section 18-117 - Guarantee of Revenue Bonds; Independent Taxing Authority Not Conferred
Section 18-118 - Revenue Bonds -- Referendum Provisions Inapplicable
Section 18-119 - Revenue Bonds -- Application of Conditions of Sale Requirements