Sec. 20-52. Application of bond proceeds.

Montgomery County, Md., Code § 20-52 (2026)

Sec. 20-52. Application of bond proceeds.Link Copy Citation

The proceeds from the sale of any revenue bonds must be applied only to:

(1)

Pay the costs of the project for which the revenue bonds are authorized; or

Link Copy Citation

(2)

Any fund created for the payment of the revenue bonds.

Link Copy Citation