§ 3-907. Issuance of bonds
West's Annotated Code of MarylandNatural ResourcesEffective: June 1, 2023
Effective: June 1, 2023
MD Code, Natural Resources, § 3-907
§ 3-907. Issuance of bonds
(a) Except as provided in § 3-907.1 of this subtitle, the Authority is hereby authorized and empowered, by resolution, to issue bonds for the purpose of financing the cost of one or more projects or for any other corporate purpose. Except as may otherwise be expressly provided by the Authority, every issue of its bonds shall be general obligations of the Authority payable from any revenues or money of the Authority available therefor and not otherwise pledged, subject only to any agreements with holders of particular bonds pledging any particular revenues or money and to any agreements with any persons or subdivisions. The Authority may issue its bonds without obtaining the consent of any board, agency, department or unit of the State, and without any other proceedings or the happening of any conditions or things other than those specifically required hereunder. The Authority and the Maryland Environmental Service may enter into agreements providing for (i) the financing by the issuance of bonds of the Maryland Environmental Service of projects provided for any subdivision by the Authority or (ii) the financing by the issuance of bonds of the Authority of projects provided for any subdivision by the Maryland Environmental Service.
(b) The Authority shall have absolute discretion to determine with respect to the bonds of any issue:
Credits
Added by Acts 1980, c. 871, § 1, eff. July 1, 1980. Amended by Acts 2023, c. 68, § 1, eff. June 1, 2023.
MD Code, Natural Resources, § 3-907, MD NAT RES § 3-907
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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