§ 8–219
Statutes in effect as of October 1, 2026.
Md. Code Ann., State Fin. & Proc. § 8-219 (2026)
Title 8. Debt
Subtitle 2. Debts of State Units
§ 8–219LinkCopy Citation
The proceeds of sale of bond anticipation notes shall be spent:
(1)
1st, for payment of the expenses of issuance of the notes; and
(2)
then, subject to § 8-218(a)(2) of this subtitle, only for the public purposes for which the bonds are authorized.