Unannotated Code of Maryland (Last Updated: May 16, 2014) |
LOCAL GOVERNMENT |
DIVISION IV. LOCAL FINANCE |
TITLE 21. SPECIAL TAXING DISTRICTS |
SUBTITLE 6. STORMWATER MANAGEMENT DISTRICTS -- MONTGOMERY AND PRINCE GEORGE'S COUNTIES |
PART III. BONDING AUTHORITY |
§ 21-614. Exemption from tax
Latest version.
-
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.