# Public Utilities (GPU)

## Title 22. Bonds and Notes

### Subtitle 1. General Obligation Bonds and Notes

#### Section 22-109

To ensure the prompt payment of interest and provision for the payment of the principal on bonds issued under this subtitle:

(1) the prompt and proper performance of the acts required under Sec.Sec. 22-106 and 22-108 of this subtitle is specially enjoined; and

(2) a person who is required to act under Sec.Sec. 22-106 and 22-108 of this subtitle:

  (i) shall perform the acts required under those sections;

  (ii) shall pay over any funds as required under those sections; and

  (iii) may not use any part of the funds for any other purpose than for the payment of principal and interest on the bonds.

---

Md. Code Ann., Pub. Util. (as displayed at mgaleg.maryland.gov, October 16, 2026)