<?xml version='1.0' encoding='utf-8'?>
<section article="glg" article_name="Local Government" number="19-606" title_number="19" title_name="Public Debt" subtitle_number="6" subtitle_name="Creation of Public Debt -- Public Schools">
  <level label="a">
    <text>If the authorizing resolution provides, notes may be secured by:</text>
    <level label="1">
      <text>a trust indenture with a corporate trustee, which may be any trust company or bank having the powers of a trust company in or outside the State; and</text>
    </level>
    <level label="2">
      <text>a letter of credit, line of credit, or other credit or liquidity instrument from or with a bank or other lending institution.</text>
    </level>
  </level>
  <level label="b">
    <text>A security provided by an authorizing resolution under this section may be secured by the same security given to holders of the notes for the performance by a county of the county’s monetary obligations under the notes.</text>
  </level>
</section>
