§ 9–932

Statutes in effect as of October 1, 2026.

Md. Code Ann., Envir. § 9-932 (2026)

Title 9. Water, Ice, and Sanitary Facilities

Subtitle 9. Water and Sewer Authorities

By resolution of its board of directors, an authority may:

(1)

Issue bonds of the authority;

(2)

Secure the payment of the bonds by pledge or deed of trust of all or any part of the revenue of the authority;

(3)

Either before or after the issuance of bonds, make any agreement that the authority considers advisable with:

(i)

A purchaser or holder of the bonds; or

(ii)

Any other person in connection with the bonds; and

(4)

Provide generally for:

(i)

The security for the bonds; and

(ii)

The rights of the holders of the bonds.