§ 9–937

Statutes in effect as of October 1, 2026.

Md. Code Ann., Envir. § 9-937 (2026)

Title 9. Water, Ice, and Sanitary Facilities

Subtitle 9. Water and Sewer Authorities

By resolution of its board of directors, an authority may provide for the issuance of:

(1)

Refunding bonds to refund any bonds of the authority that were issued under this subtitle and are outstanding; or

(2)

A single issue of bonds to:

(i)

Pay the cost of a project or of the improvement, extension, or reconstruction of or additions to a project; and

(ii)

Refund bonds that:

(1)

Were issued under this subtitle and are outstanding; and

(2)

Have matured, are subject to redemption, or can be retired.