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§ 19-307. Investment of sinking fund and bond proceeds

West's Annotated Code of MarylandLocal GovernmentEffective: October 1, 2013

West's Annotated Code of Maryland
Local Government (Refs & Annos)
Division IV. Local Finance [Titles 16-23] (Refs & Annos)
Title 19. Public Debt (Refs & Annos)
Subtitle 3. Creation of Public Debt--Municipalities (Refs & Annos)
Effective: October 1, 2013
MD Code, Local Government, § 19-307
Formerly cited as MD CODE, Art. 23A, § 36
§ 19-307. Investment of sinking fund and bond proceeds
Currentness
Authority to invest sinking fund
(a) A fiscal officer of a municipality who has custody of a sinking fund established by the municipality to pay the principal of or the interest on bonds issued in accordance with the charter of the municipality or this subtitle may invest the sinking fund only as provided in § 19-102 of this title.
Authority to invest bond proceeds
(b) A fiscal officer of a municipality who has custody of bond proceeds may invest the proceeds as provided in §§ 17-101 and 17-102 of this article.

Credits

Added by Acts 2013, c. 119, § 2, eff. Oct. 1, 2013.
MD Code, Local Government, § 19-307, MD LOCAL GOVT § 19-307
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