# Housing and Community Development (GHS)

## Title 4. Division of Development Finance

### Subtitle 2. Community Development Administration

#### Section 4-250

(a) A bond or note issued by the Administration under this part is a legal and proper investment for:

  (1) a public officer, a political subdivision, or a governmental unit;

  (2) a bank, trust company, savings and loan association, investment company, or other person doing a banking business;

  (3) an insurance company, insurance association, or other person doing an insurance business;

  (4) a personal representative, guardian, trustee, or other fiduciary; or

  (5) any other person.

(b) For any purpose for which the deposit of a bond or other obligation of the State is authorized by law, a bond issued by the Administration under this part is a security that may legally and properly be deposited with and received by a public officer, a political subdivision, or a governmental unit.

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