Md. Code, Local Gov't § 19-218

Current with changes from the 2024 Legislative Session effective on or before 7/1/2024, from Chs.. 2 through 1049

Section 19-218 - Proceeds of sale of bond anticipation notes

The proceeds of sale of bond anticipation notes shall be spent:

(1) first, for payment of the expenses of issuance of the notes; and

(2) then, subject to § 19-217(a)(2) of this subtitle, only for the public purposes for which the bonds are authorized.

Md. Code, LG § 19-218

Revised and recodified by 2013 Md. Laws, Ch. 119,Sec. 2, eff. 10/1/2013.