§ 10-3-105. EXEMPTION FROM STATE LAW; SALE.

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(a)

Exemption from state law. General obligation bonds issued under this title are not subject to §§ 19-205 and 19-206 of the Local Government Article of the Annotated Code of Maryland.

(b)

Requirements for sale. Notwithstanding subsection (a) of this section, the county shall sell general obligation bonds issued under this title only by solicitation of competitive bids at public sale:

(1)

In the manner that the County Council may determine by ordinance; and

(2)

After giving public notice that the county council may determine by ordinance.

(1988 Code, § 15-129) (Bill No. 87, 1990, § 2, 8-13-1990; Bill No. 83-00, § 2, 7-1-2004; Bill No. 72-03, § 14, 7-1-2004; Bill No. 77-15, § 2, 11-4-2015 )

                    
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