Md. Code, Local Government § 19-221
Md. Code, Local Government § 19-221
in effectThe following obligations are exempt from State and local taxation:
(1) a bond or grant anticipation note issued under this part;
(2) a bond issued to pay the notes issued under item (1) of this section; and
(3) the interest on the obligations.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=glg§ion=19-221&enactments=falseFetched: 10/17/2026
