Any bonds issued by Montgomery County or Prince George's County
for purposes of providing funds for stormwater management shall remain
valid, binding, and enforceable in accordance with their terms,
including any provision for a maturity date beyond June 30, 1990. The
rights of the holders of the bonds and the responsibilities and
obligations of Montgomery County or Prince George's County with
respect to the bonds shall not be impaired and shall remain in full
force and effect, notwithstanding the repeal, expiration, or other
termination, subsequent to the date of issuance of the bonds, of the
authority under which the bonds were issued. The responsibility of
Montgomery County or Prince George's County with respect to the bonds
shall include the responsibility to repay the bonds and to levy taxes
for or otherwise guarantee the payment of the
bonds.
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