Bonds issued under this part, a transfer of the bonds, the interest payable on the bonds, and any income derived from the bonds, including any profit realized in the sale or exchange of the bonds, are exempt from taxation by the State or by any county, municipality, or other public unit of the State.
Structure Maryland Statutes
Title 21 - Special Taxing Districts
Subtitle 6 - Stormwater Management Districts -- Montgomery and Prince George's Counties
Section 21-611 - Construction of Part
Section 21-612 - Authority to Issue Bonds
Section 21-613 - Requirements for Bonds
Section 21-614 - Exemption From Tax
Section 21-615 - Exemption From Other Public Debt Requirements
Section 21-616 - Pledge of Full Faith and Credit; Payment for Bonds