The principal amount of the bonds issued under this subtitle, the transfer of the bonds, the interest payable on the bonds, and any income derived from the bonds, including profit realized in the sale or exchange of the bonds, are exempt from State and local taxes.
Structure Maryland Statutes
Subtitle 8 - Creation of Public Debt -- Financing Residential Mortgages in Cecil County
Section 19-801 - "Program" Defined
Section 19-802 - Construction of Subtitle
Section 19-803 - Legislative Findings; Purpose of Subtitle
Section 19-804 - Enactment of Ordinance or Resolution Required
Section 19-805 - Powers of Cecil County
Section 19-806 - Individual Mortgage Loans
Section 19-807 - Bonds; Use of Revenue
Section 19-808 - Manner and Price of Sale of Bonds; Exemptions
Section 19-809 - Payment of Bonds
Section 19-810 - Conclusive Presumption of Finding by Cecil County