§ 9–936
Statutes in effect as of October 1, 2026.
Md. Code Ann., Envir. § 9-936 (2026)
Title 9. Water, Ice, and Sanitary Facilities
Subtitle 9. Water and Sewer Authorities
§ 9–936LinkCopy Citation
(a)
If an authority considers it necessary, the authority may include any limitation or restriction on the issuance of additional bonds:
(1)
In the resolution that provides for the issuance of bonds of the authority; or
(2)
In any trust agreement that secures the bonds.
(b)
If a resolution or trust agreement places any limitation or restriction on the issuance of additional bonds, the authority shall honor the limitation or restriction when the authority issues additional bonds.