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2013 Maryland Code
ECONOMIC DEVELOPMENT
§ 10-329 - Sinking fund -- Nature and application
MD Econ Dev Code § 10-329 (2013) What's This?
§10-329.
A sinking fund:
(1) may be held:
(i) for all of the bonds issued to finance projects at a particular participating institution without distinction or priority of one bond over another bond;
(ii) for a particular project and for the bonds issued for that project;
(iii) for bonds having a lien subordinate to the lien securing other bonds; and
(2) shall be subject to the trust agreement.
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