Md. Code, Envir. § 9-932

Current with changes from the 2024 Legislative Session

Section 9-932 - Power to issue and secure bonds

By resolution of its board of directors, an authority may:

(1) Issue bonds of the authority;

(2) Secure the payment of the bonds by pledge or deed of trust of all or any part of the revenue of the authority;

(3) Either before or after the issuance of bonds, make any agreement that the authority considers advisable with:

(i) A purchaser or holder of the bonds; or

(ii) Any other person in connection with the bonds; and

(4) Provide generally for:

(i) The security for the bonds; and

(ii) The rights of the holders of the bonds.

Md. Code, EN § 9-932