§ 19–218

Statutes in effect as of October 1, 2026.

Md. Code Ann., Local Gov't § 19-218 (2026)

Title 19. Public Debt

Subtitle 2. Public Securities

The proceeds of sale of bond anticipation notes shall be spent:

(1)

first, for payment of the expenses of issuance of the notes; and

(2)

then, subject to § 19–217(a)(2) of this subtitle, only for the public purposes for which the bonds are authorized.