Volume 794, Page 3487 View pdf image |
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PARRIS N. GLENDENING, Governor Ch. 601 (2) MAY SECURE THE BONDS BY A TRUST AGREEMENT BETWEEN THE
(D) EXCEPT AS OTHERWISE EXPRESSLY REQUIRED BY THIS SUBTITLE, THE (1) OBTAINING THE CONSENT OF ANY OTHER UNIT OF STATE (2) ANY PROCEEDINGS; OR (3) THE OCCURRENCE OF ANY CONDITIONS.
(A) THE BONDS OF ANY ISSUE SHALL BE PAYABLE SOLELY FROM THE (1) FEES, CHARGES, OR OTHER REVENUES PAYABLE TO THE (2) PAYMENTS BY FINANCIAL INSTITUTIONS, INSURANCE COMPANIES, (3) INVESTMENT EARNINGS FROM FUNDS OR ACCOUNTS MAINTAINED (4) PROCEEDS OF REFUNDING BONDS; AND (5) ANY OTHER SOURCE AUTHORIZED BY LAW. (B) THE BONDS DO NOT CONSTITUTE A DEBT, LIABILITY, OR PLEDGE OF FULL
THE BONDS THAT THE AUTHORITY ISSUES SHALL: (1) BE ISSUED AT, ABOVE, OR BELOW PAR VALUE, FOR CASH OR OTHER (2) BEAR INTEREST AT THE FIXED OR VARIABLE RATE OR RATES - 3487 -
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Volume 794, Page 3487 View pdf image |
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