Maryland Environment Section 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.