§ 10–329
Statutes in effect as of October 1, 2026.
Md. Code Ann., Econ. Dev. § 10-329 (2026)
Title 10. Statewide Development Resources and Revenue Authorities
Subtitle 3. Maryland Health and Higher Educational Facilities Authority
§ 10–329LinkCopy Citation
A sinking fund:
(1)
may be held:
(i)
for all of the bonds issued to finance projects at a particular participating institution without distinction or priority of one bond over another bond;
(ii)
for a particular project and for the bonds issued for that project; and
(iii)
for bonds having a lien subordinate to the lien securing other bonds; and
(2)
shall be subject to the trust agreement.