# Education (GED)

## Title 19. Auxiliary and Academic Facilities Bond Authority

### Subtitle 1

#### Section 19-106

All money received by a system as proceeds from the sale of bonds authorized by this title and all money received by a system by way of auxiliary facilities fees or academic fees which are assigned or pledged as security for the bonds shall be deemed to be trust funds to be held and applied as provided by the provisions of this title.

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