Section 3-304 - Participation of counties.
§ 3-304. Participation of counties.
(a) Counties may participate.- Subject to the provisions of § 3-307 of this subtitle, any county in this State may participate in the proceeds of the sale of bonds issued under this subtitle.
(b) Notice by county.- On the date designated by the Department, a county that desires to participate shall notify the Department of:
(1) Its desire to participate in the proceeds of the next series of bonds to be issued by the Department; and
(2) The proposed amount of its participation.
(c) Extension of notification date.- The Department may extend the date for notification when appropriate.
[An. Code 1957, art. 89B, § 211G-1; 1977, ch. 13, § 2; 1982, ch. 22; 1987, ch. 414; 2001, ch. 29, § 6.]