Maryland Statutes
§ 1-1429
Maryland § 1-1429
This text of Maryland § 1-1429 is published on Counsel Stack Legal Research, covering Maryland primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Md. Code Ann., Local Government § 1-1429 (2026).
Text
(a)An authority may issue negotiable bond anticipation notes in anticipation of the sale of bonds for any corporate purpose.
(b)Bond anticipation notes issued under this section shall be issued in the same manner as bonds.
(c)Bond anticipation notes issued under this section and the resolution authorizing them may contain any provision, condition, or limitation that may be included in a trust agreement.
(d)An authority may issue bond anticipation notes to pay any other bond anticipation notes.
(e)Bond anticipation notes shall be paid from:
(1)money available and not otherwise pledged;
(2)revenues of the authority; or
(3)the proceeds of the sale of the bonds in anticipation of which the notes were issued.
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Bluebook (online)
Maryland § 1-1429, Counsel Stack Legal Research, https://law.counselstack.com/statute/md/glg/1-1429.