The exercise of the powers granted by this subtitle is for the benefit of the people of the State for the improvement of their health and living conditions. Since the activities of the Service and the operation and maintenance of its projects constitute the performance of essential governmental functions, the Service is exempt from any payment of or liability for any and all taxes, whether federal, State, or local, now or hereafter levied or imposed, and any assessments or other governmental charges. The bonds and notes of the Service issued pursuant to the authority of this subtitle, their transfer, the interest payable thereon, and any income derived therefrom, including any profit realized in the sale or exchange thereof, at all times shall be exempt from taxation of every kind and nature whatsoever by the State, or by any of its political subdivisions, municipal corporations, or public units of any kind.
Structure Maryland Statutes
Title 3 - Environmental Programs
Subtitle 1 - Maryland Environmental Service
Section 3-102 - Legislative Intent; Purpose; Construction
Section 3-103 - Established; Organization
Section 3-103.2 - Exemption From State Personnel Management System
Section 3-103.3 - Conflict of Interest Policy for Board Members -- Copies Supplied
Section 3-104 - Powers Generally; Corporate Existence
Section 3-105 - Responsibilities and Activities; Limitation Upon Powers
Section 3-107 - Mandatory Agreement to Provide Requested Services
Section 3-109 - Projects to Be Provided Upon Direction of Secretary of the Environment
Section 3-111 - Duplicating or Using Projects Similar to Service Provided Projects
Section 3-112 - Authority to Issue Revenue Bonds and Determine Matters Relating Thereto
Section 3-113 - Provisions Applicable to All Bonds
Section 3-114 - Source of Payment of Bonds
Section 3-115 - Issuance of Refunding Bonds and Renewal Notes; Payment to Holders of Bonds and Notes
Section 3-117 - Trust Agreements; Disposition of Proceeds
Section 3-118 - Revenues -- in General
Section 3-119 - Revenues -- Trust Funds
Section 3-120 - Remedies of Bondholders and Trustees
Section 3-121 - Bonds and Notes Are Legal Investments
Section 3-123 - Service Exempt From Taxation; Bonds and Notes of Service Exempt From Taxation
Section 3-125 - Liens Created in Favor of Service or Municipality
Section 3-126 - Financial Affairs Generally
Section 3-127 - Rules and Regulations Generally
Section 3-128 - Arbitration; Scope of Authority of Public Service Commission