Md. Code, Economic Development § 10-332

Md. Code, Economic Development § 10-332
in effect
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(a) The Authority may apply the proceeds of refunding bonds to the purchase, retirement at maturity, or redemption of outstanding bonds on the earliest or a subsequent redemption date for those bonds. (b) The Authority may place proceeds of refunding bonds in escrow before applying the proceeds to refund bonds.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=gec&section=10-332&enactments=falseFetched: 10/16/2026

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