§ 24-519. Resolution or trust agreements
West's Annotated Code of MarylandEducation
MD Code, Education, § 24-519
§ 24-519. Resolution or trust agreements
(a) Any resolution or trust agreement the Commission adopts or enters into under this subtitle may contain provisions that:
(3) Limit the purpose to which or the investments in which the proceeds of sale of any issue of bonds may be applied and restrict the investment of revenues or bond proceeds as deemed necessary, which may include limiting investments to government obligations for which principal and interest are unconditionally guaranteed by the United States;
Credits
Added by Acts 1997, c. 583, § 1, eff. July 1, 1997.
MD Code, Education, § 24-519, MD EDUC § 24-519
Current through legislation effective through May 9, 2024, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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