Montgomery County |
Code |
Part II. Local Laws, Ordinances, Resolutions, Etc. |
Chapter 14. Development Districts. |
Article IV. Issuing Debt. |
§ 14-15. Credit of County not Pledged.
Latest version.
- (a) Any bond issued under this Chapter is not an indebtedness of the County within the meaning of Section 312 of the Charter.(b) Any bond issued under this Chapter must not pledge the full faith and credit of the County and must state that the full faith and credit of the County is not pledged to pay its principal, interest, or premium, if any. (1994 L.M.C., ch. 12, § 1.)