Section 3-514 - Participation of counties.
§ 3-514. Participation of counties.
(a) Counties may participate.- Subject to § 3-515 of this subtitle, the Department may allow any county in this State to participate in an issue of bonds 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 under this subtitle;
(2) The proposed amount of its participation; and
(3) A description of the revenues to be pledged by the county to pay debt service on the bonds.
(c) Extension of notification date.- The Department may extend the date for notification when appropriate.
[1993, ch. 539.]