Section 5-601 – Applicability

    The provisions of this subtitle do not apply to a county otherwise authorized to issue bonds to fund public school construction under other provisions of the Code.

Section 5-602 – Issuance of Bonds

    (a)    In this subtitle, “construction or improvement” means the planning, design, engineering, alteration, construction, reconstruction, enlargement, expansion, extension, improvement, replacement, rehabilitation, renovation, upgrading, repair, or capital equipping.     (b)    A county may issue bonds to finance any or all of the costs of construction or improvement of public schools in the county provided that the construction and improvement […]

Section 5-603 – Payment of Principal and Interest

    (a)    Bonds issued under this subtitle constitute an irrevocable pledge of the full faith and credit and unlimited taxing power of the county to the payment of the principal of and interest on the bonds when the bonds become payable.     (b)    (1)    Except as provided in paragraph (2) of this subsection, in every fiscal year in which any […]

Section 5-604 – Tax Exemptions

    Bonds issued under this subtitle are exempt from State, county, and municipal taxation.