# Environment (GEN)

## Title 9. Water, Ice, and Sanitary Facilities

### Subtitle 9. Water and Sewer Authorities

#### Section 9-932

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.

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