Carroll County authorizes issuance of bonds for public facilities, water and sewer projects, and volunteer fire departments.
Carroll County is authorized to issue bonds for the construction, improvement, or development of public facilities, including water and sewer projects, and to make loans for fire or emergency-related equipment, buildings, or other facilities of volunteer fire departments. The bonds are exempt from state, county, municipal, and other taxation in Maryland. The County can levy ad valorem taxes to cover bond payments. The issuance of bonds and refunding bonds is exempt from certain state provisions. The bonds are secured by the County's full faith and credit and unlimited taxing power.
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