2013 Maryland Code
ENVIRONMENT
§ 9-936 - Limitations on issuance of additional bonds
§9-936.
(a) If an authority considers it necessary, the authority may include any limitation or restriction on the issuance of additional bonds:
(1) In the resolution that provides for the issuance of bonds of the authority; or
(2) In any trust agreement that secures the bonds.
(b) If a resolution or trust agreement places any limitation or restriction on the issuance of additional bonds, the authority shall honor the limitation or restriction when the authority issues additional 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.
