(a) Each person who has a duty to act in the payment of principal and interest on bonds issued under this subtitle shall perform promptly the act that is required.
(b) (1) Before a series of bonds is issued under this subtitle, the governing body of each member county that will be affected by the series shall advance to the district not more than $25,000.
(2) From the first proceeds available from the sale of the bonds, the district shall repay the advances made by the member counties.
(c) Unless the approval is required under this subtitle, a district is not required to obtain the approval of any entity before it issues bonds.
(d) The provisions of §§ 19–205 and 19–206 of the Local Government Article do not apply to bonds issued under this subtitle.
Structure Maryland Statutes
Title 9 - Water, Ice, and Sanitary Facilities
Subtitle 6 - Sanitary Commissions
Section 9-682 - Power of Sanitary Commission and Member Counties to Issue
Section 9-683 - Limitation on Total of Outstanding Bonds
Section 9-684 - Prerequisites for Issuance -- Resolution by Sanitary Commission
Section 9-685 - Prerequisites for Issuance -- Determinations by Sanitary Commission
Section 9-686 - Required Contents of Bonds
Section 9-687 - Signing of Bonds
Section 9-689 - Status of Bonds
Section 9-690 - Temporary Bonds and Receipts
Section 9-691 - Replacement of Bonds
Section 9-692 - Use of Bond Proceeds
Section 9-693 - Refunding Bonds
Section 9-694 - Levy of Property Tax
Section 9-695 - Payment of Bond Interest From Proceeds of Bonds
Section 9-696 - Multiple County Districts; Proportionate Liability of Member Counties