HARRY HUGHES, Governor

1835

(2) THAT MAY BE DEPOSITED WITH AND RECEIVED BY ANY
OFFICER OR AGENCY OF THIS STATE, OR ANY POLITICAL SUBDIVISION, OR
ANY OFFICER OF A POLITICAL SUBDIVISION, FOR ANY PURPOSE FOR WHICH
THE DEPOSIT OF BONDS OR OTHER OBLIGATIONS OF THIS STATE IS
AUTHORIZED BY LAW.

REVISOR'S NOTE: This section is new language derived
without substantive change from former HE § 9-918.

9-932. POWER TO ISSUE AND SECURE BONDS.

BY RESOLUTION OF ITS BOARD OF DIRECTORS, AN AUTHORITY MAY:

(1)  ISSUE BONDS OF THE AUTHORITY;

(2)  SECURE THE PAYMENT OF THE BONDS BY PLEDGE OR DEED
OF TRUST OF ALL OR ANY PART OF THE REVENUE OF THE AUTHORITY;

(3)  EITHER BEFORE OR AFTER THE ISSUANCE OF BONDS,
MAKE ANY AGREEMENT THAT THE AUTHORITY CONSIDERS ADVISABLE WITH:

(I)  A PURCHASER OR HOLDER OF THE BONDS; OR

(II)  ANY OTHER PERSON IN CONNECTION WITH THE
BONDS; AND

(4)  PROVIDE GENERALLY FOR:

(I)  THE SECURITY FOR THE BONDS; AND

(II)  THE RIGHTS OF THE HOLDERS OF THE BONDS.

REVISOR'S NOTE: This section is new language derived
without substantive change from former HE §
9-906(b)(9) and the first sentence of § 9-908(a) as
that sentence applies to the power to issue bonds.

9-933. ISSUANCE AND SALE OF BONDS -- GENERALLY.

(A)  ISSUANCE OF BONDS WITHOUT APPROVAL OR CONSENT OF ANY
UNIT OF THE STATE GOVERNMENT.

AN AUTHORITY MAY ISSUE BONDS UNDER THIS SUBTITLE WITHOUT:

(1)  OBTAINING THE APPROVAL OR CONSENT OF ANY UNIT OF
THE STATE GOVERNMENT; OR

(2)  DOING ANYTHING NOT SPECIFICALLY REQUIRED BY THIS
SUBTITLE.

(B)  SALE OF BONDS GENERALLY.

AN AUTHORITY MAY SELL BONDS UNDER THIS SUBTITLE AT PUBLIC OR
PRIVATE SALE AND AT A PRICE THE AUTHORITY DETERMINES IS IN THE
BEST INTERESTS OF: