Home/Maryland/Statutes/Article gec: Economic Development/Title: 10/§ 10-332
Maryland Statutes

§ 10-332

Maryland·Article gec Economic Development·Title 10
(a)The Authority may apply the proceeds of refunding bonds to the purchase, retirement at maturity, or redemption of outstanding bonds on the earliest or a subsequent redemption date for those bonds.
(b)The Authority may place proceeds of refunding bonds in escrow before applying the proceeds to refund bonds.

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