Home Table of Contents

§ 3-603. Bonds issued as investment securities

West's Annotated Code of MarylandTransportation

West's Annotated Code of Maryland
Transportation
Title 3. Financing by Department (Refs & Annos)
Subtitle 6. Special Bonds and Borrowings (Refs & Annos)
MD Code, Transportation, § 3-603
§ 3-603. Bonds issued as investment securities
Currentness
In general
(a) Notwithstanding any other provision of law or any recitals in the instruments, the bonds, notes, and other evidences of obligation issued under this subtitle are investment securities under the laws of this State.
Application of State Finance and Procurement Article
(b) The bonds, notes, and other evidences of obligation issued under this subtitle and their issuance and sale are exempt from the provisions of §§ 8-206 and 8-208 of the State Finance and Procurement Article.

Credits

Added by Acts 2002, c. 470, § 1, eff. June 1, 2002.
MD Code, Transportation, § 3-603, MD TRANS § 3-603
Current through legislation effective through April 9, 2023, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
End of Document