# Public Utilities (GPU)

## Title 22. Bonds and Notes

### Subtitle 2. Revenue Bonds

#### Section 22-206

As determined by the Commission, bonds issued under this subtitle may be secured by or made payable from:

(1) letters of credit;

(2) lines of credit;

(3) bond purchase agreements;

(4) bond insurance policies;

(5) guaranty agreements; and

(6) similar credit arrangements.

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