# Local Government (GLG)

## Title 22. Resilience Infrastructure

### Subtitle 1

#### Section 22-107

(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.

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Md. Code Ann., Local Gov't (as displayed at mgaleg.maryland.gov, October 16, 2026)