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Unannotated Code of Maryland (Last Updated: May 16, 2014) |
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LOCAL GOVERNMENT |
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DIVISION IV. LOCAL FINANCE |
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TITLE 19. PUBLIC DEBT |
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SUBTITLE 9. PENSION LIABILITY FUNDING BONDS |
§ 19-902. Scope of subtitle; application of subtitle
Latest version.
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(a) Scope of subtitle. -- This subtitle applies only to:
(1) charter counties;
(2) code counties; and
(3) municipalities.
(b) Application of subtitle. -- This subtitle applies only to a pension or retirement plan or system:
(1) that is closed to new membership; and
(2) under which a county or municipality is directly or indirectly obligated to pay or cause to be paid retirement, disability, death, or other benefits.