2013 Maryland Code
ENVIRONMENT
§ 9-813 - Refunding revenue bonds
§9-813.
(a) Any municipality may issue refunding bonds to refund, pay, or discharge the principal and interest on all or any part of the outstanding bonds:
(1) Issued by the municipality to finance the development of all or part of the sewerage facility; and
(2) In arrears or about to become due.
(b) The provisions of this subtitle that concern authorization and issuance of bonds apply to authorization and issuance of refunding bonds.
Disclaimer: These codes may not be the most recent version. Maryland may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.