§ 22–107
Statutes in effect as of October 1, 2026.
Md. Code Ann., Local Gov't § 22-107 (2026)
Title 22. Resilience Infrastructure
Subtitle 1
§ 22–107LinkCopy Citation
(a)
For each issue of its bonds, a Resilience Authority shall adopt a resolution that:
(1)
specifies and describes the resilience infrastructure;
(2)
generally describes the public purpose to be served and the financing transaction;
(3)
specifies the maximum principal amount of the bonds that may be issued; and
(4)
imposes terms or conditions on the issuance and sale of bonds it considers appropriate.
(b)
A Resilience Authority, by resolution, may:
(1)
specify, determine, prescribe, and approve matters, documents, and procedures that relate to the authorization, sale, security, issuance, delivery, and payment of and for the bonds;
(2)
create security for the bonds;
(3)
provide for the administration of bond issues through trust or other agreements with a bank or trust company that cover a countersignature on a bond, the delivery of a bond, or the security for a bond; and
(4)
take other action it considers appropriate concerning the bonds.