# Economic Development (GEC)

## Title 10. Statewide Development Resources and Revenue Authorities

### Subtitle 3. Maryland Health and Higher Educational Facilities Authority

#### Section 10-329

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.

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Md. Code Ann., Econ. Dev. (as displayed at mgaleg.maryland.gov, October 16, 2026)