§ 22-201. Construction, application, and purpose of subtitle

Latest version.

(a) Construction. -- This subtitle shall be liberally construed to carry out its purposes.

(b) Purpose. -- The purpose of this subtitle is to authorize the Commission to issue bonds in a manner that provides flexibility without imposing additional debt burdens on the assessable tax base of the sanitary district, so as to yield overall savings to the residents of the sanitary district.

(c) Application. -- This subtitle does not apply to debt issued by the Commission under Subtitle 1 of this title.

HISTORY: An. Code 1957, art. 29, § 4-201, 4-202, 4-212; 2010, ch. 37, § 3.

                    
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