(a) Except as otherwise provided in this section, this subtitle applies to any project undertaken and any bonds, notes, or other evidence of indebtedness issued under this section.
(b) The purpose of this section is to provide an alternative means to finance projects on a countywide basis, for which the governing body of the county does not sit as a district council.
(c) (1) The governing body of a county may pay not more than 25% of the cost of any project in the county through the issuance of bonds, notes, or other evidence of indebtedness.
(2) If the governing body pays for a portion of a project under this subsection, the governing body may accept any of the remaining cost of the project from:
(i) the State;
(ii) the federal government; or
(iii) any unit of the State or federal government.
(d) (1) Except as provided in paragraph (2) of this subsection, any bond, note, or other evidence of indebtedness issued under this section shall be issued as provided in this subtitle.
(2) Any bond, note, or other evidence of indebtedness issued under this section:
(i) is not a district obligation; and
(ii) shall have its payments of principal and interest met by a countywide tax.
Structure Maryland Statutes
Title 21 - Special Taxing Districts
Subtitle 2 - Erosion Prevention Projects
Section 21-202 - Applicability of Subtitle
Section 21-203 - Purpose of Projects
Section 21-204 - Creation of District
Section 21-205 - Governance of Districts
Section 21-206 - Authority to Construct Projects on Petition of Property Owners
Section 21-207 - Hearing on Plans for Projects
Section 21-208 - Acquisition of Land or Structures for Projects
Section 21-209 - Borrowing Money to Pay for Projects
Section 21-210 - Financing Projects on Countywide Basis
Section 21-211 - Procedure for Awarding Contracts