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§ 10-848. Bond anticipation notes

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 8. Maryland Clean Energy Center (Refs & Annos)
Part IV. Bonds (Refs & Annos)
Effective: October 1, 2008
MD Code, Economic Development, § 10-848
§ 10-848. Bond anticipation notes
Currentness
Authority to issue
(a) The Center may issue negotiable bond anticipation notes in anticipation of the sale of bonds for any corporate purpose.
Manner of issuance
(b) Bond anticipation notes issued under this section shall be issued in the same manner as bonds.
Contents of notes and resolution
(c) Bond anticipation notes issued under this section and the resolution authorizing them may contain any provisions, conditions, or limitations that may be included in a trust agreement.
Payment of other notes
(d) The Center may issue bond anticipation notes to pay any other bond anticipation notes.
Payment
(e) Bond anticipation notes shall be paid from:
(1) revenues of the Center;
(2) money available and not otherwise pledged; or
(3) the proceeds of the sale of the bonds in anticipation of which the notes were issued.

Credits

Added by Acts 2008, c. 137, § 1, eff. Oct. 1, 2008.
MD Code, Economic Development, § 10-848, MD ECON DEV § 10-848
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.
End of Document