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Current as of January 01, 2025 | Updated by Findlaw Staff
(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.
Cite this article: FindLaw.com - Maryland Code, Environment § 9-936 - last updated January 01, 2025 | https://codes.findlaw.com/md/environment/md-code-envir-sect-9-936/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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