Maryland Statutes

§ 12-407

Maryland § 12-407
JurisdictionMaryland
Article glgLocal Government
Title12

This text of Maryland § 12-407 is published on Counsel Stack Legal Research, covering Maryland primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Md. Code Ann., Local Government § 12-407 (2026).

Text

(a)(1) The governing body of Dorchester County may:
(i)purchase or lease personal property under a multiyear contract that requires the governing body to make installment or rental payments during 2 or more fiscal years;
(ii)pay interest as part of any installment or rental payments in accordance with the terms of the contract; and
(iii)pledge and assign the personal property purchased or leased to secure the obligation.
(2)(i) The governing body may enter into a contract under paragraph (1) of this subsection only if: 1. the governing body has appropriated money sufficient to pay the amount due under the contract during the first fiscal year in which the contract is effective; 2.

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Bluebook (online)
Maryland § 12-407, Counsel Stack Legal Research, https://law.counselstack.com/statute/md/glg/12-407.