The exercise of the powers granted by this subtitle is and will be in all respects for the benefit of the people of the State of Maryland and the participating counties, for the increase of their commerce, welfare and prosperity, and for the improvement of their health and living conditions, and since the activities of the Authority and the operation and maintenance of its projects will constitute the performance of essential governmental functions, the Authority shall be 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 of the Authority, their transfer, the interest payable thereon, and any income derived therefrom, including any profit realized in the sale or exchange thereof, shall at all times be exempt from taxation of every kind and nature whatsoever by the State of Maryland or by any of its political subdivisions, municipal corporations, or public agencies of any kind.
Structure Maryland Statutes
Title 3 - Environmental Programs
Subtitle 9 - Northeast Maryland Waste Disposal Authority
Section 3-901 - Citation of Subtitle
Section 3-902 - Purpose of Subtitle
Section 3-903 - Northeast Maryland Waste Disposal Authority
Section 3-905 - Powers of Authority
Section 3-906 - Source of Payment of Expenses
Section 3-907 - Authority to Issue Bonds
Section 3-908 - Execution of Bonds; Negotiable Instruments; Registration; Replacement
Section 3-909 - Refunding Bonds
Section 3-910 - Temporary Bonds; Bond Anticipation Notes; Revenue Anticipation Notes; Revenue Bonds
Section 3-911 - Trust Agreement Securing Bonds
Section 3-912 - Rates, Rentals, Fees, and Charges
Section 3-913 - Remedies of Bondholders and Trustees
Section 3-914 - Bonds Made Legal Investments
Section 3-916 - Exemption From Taxation
Section 3-917 - Authority Not Required to Give Security for Costs; Liens; Assignments of Wages
Section 3-918 - Rules and Regulations; Payment by State or Agencies for Services
Section 3-920 - Notice of Intention to Undertake Project; Adverse Finding by Subdivision
Section 3-921 - Award of Contracts for Purchases
Section 3-922 - Judicial Review
Section 3-924 - Termination of Existence of Authority
Section 3-926 - Deeds and Releases Upon Payment of Bonds