Maryland Authorizes Carroll County to Issue Tax-Exempt Bonds for Public Facilities

The Maryland Governor signed a law authorizing Carroll County to issue up to $27,000,000 in general obligation bonds to finance public facilities including schools, infrastructure, and emergency services equipment. The law authorizes the County to levy, impose, and collect, annually, ad valorem taxes in rates and amounts sufficient to provide funds for the payment of the maturing principal of and interest on the bonds. The law exempts the bonds and all income derived from the bonds from all State, County, municipal, and other taxation in the State. [H.B. 927, enacted 04/28/26]

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