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§ 9-937. Refunding bonds

West's Annotated Code of MarylandEnvironment

West's Annotated Code of Maryland
Environment
Title 9. Water, Ice, & Sanitary Facilities (Refs & Annos)
Subtitle 9. Water and Sewer Authorities
Part IV. Bonds of Authorities
MD Code, Environment, § 9-937
§ 9-937. Refunding bonds
Currentness
By resolution of its board of directors, an authority may provide for the issuance of:
(1) Refunding bonds to refund any bonds of the authority that were issued under this subtitle and are outstanding; or
(2) A single issue of bonds to:
(i) Pay the cost of a project or of the improvement, extension, or reconstruction of or additions to a project; and
(ii) Refund bonds that:
1. Were issued under this subtitle and are outstanding; and
2. Have matured, are subject to redemption, or can be retired.

Credits

Added by Acts 1985, c. 173, § 2.
MD Code, Environment, § 9-937, MD ENVIR § 9-937
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.
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