Section 9-696 - Multiple county districts; proportionate liability of member counties. - Maryland Statutes

§ 9-696. Multiple county districts; proportionate liability of member counties.
 

If bonds issued under this subtitle are guaranteed by more than 1 member county, the liability of each member county on its guarantee is in proportion to the assessable base of that part of the property of the county that is in the service areas for which the bonds were issued as that proportion relates to the assessable base of all property in all the service areas for which the bonds were issued. 
 

[An. Code 1957, art. 43, § 654; 1982, ch. 240, § 2.]