# Housing and Community Development (GHS)

## Title 4. Division of Development Finance

### Subtitle 16. Residential Mortgage Programs for Certain Counties

#### Section 4-1609

(a) A covered county may issue new bonds to pay outstanding bonds in accordance with procedures of this subtitle and Sec. 19-207 of the Local Government Article.

(b) New bonds shall be secured to the same extent and shall have the same source of payment as the bonds refunded.

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Md. Code Ann., Hous. & Cmty. Dev. (as displayed at mgaleg.maryland.gov, October 16, 2026)