§ 10-218. Bonds--In general
West's Annotated Code of MarylandEconomic DevelopmentEffective: October 1, 2008
West's Annotated Code of Maryland
Economic Development (Refs & Annos)
Division II. Independent and Regional Development Units and Resources [Titles 9-End] (Refs & Annos)
Title 10. Statewide Development Resources and Revenue Authorities (Refs & Annos)
Subtitle 2. Maryland Food Center Authority (Refs & Annos)
Effective: October 1, 2008
MD Code, Economic Development, § 10-218
§ 10-218. Bonds--In general
(a) The Authority may authorize the issuance of federally tax-exempt or federally taxable revenue bonds by resolution.
(b) The Authority may issue revenue bonds:
(d) The Authority shall determine:
(e) The bonds may be redeemed before maturity at the option of the Authority at the prices and under terms and conditions that the Authority sets before the bonds are issued.
(f) An officer's signature or facsimile on a bond remains valid even if the officer leaves office before the bond is delivered.
(g)(1) The Authority shall sell the bonds either by competitive or negotiated sale in a manner and for a price that the Authority determines to be in its best interests.
(h)(1) Before it prepares definitive revenue bonds, the Authority may issue temporary revenue bonds meeting the requirements of this section that are exchangeable for definitive revenue bonds when issued.
(i)(1) If the proceeds of the bonds are less than the amount required for the purpose for which the bonds were authorized, the Authority may issue additional bonds to fund the amount of the deficit.
(j)(1) The resolution authorizing the issuance of bonds may provide for the issuance of additional bonds to pay the cost of any necessary improvements.
Credits
Added by Acts 2008, c. 306, § 2, eff. Oct. 1, 2008.
MD Code, Economic Development, § 10-218, MD ECON DEV § 10-218
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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