Md. Code, Local Government § 21-515
Md. Code, Local Government § 21-515
in effectBond proceeds shall be used only to pay the cost of infrastructure improvements, including:
(1) the cost of establishing, acquiring, designing, constructing, extending, or altering infrastructure improvements;
(2) the cost of issuing bonds;
(3) payment of the principal of and interest on loans, money advances, or indebtedness incurred by the county for any purpose stated in § 21–504(a) of this subtitle, including refunding bonds previously issued; and
(4) funding of a debt service reserve fund or payment of interest before, during, or for a limited period of time after constructing the infrastructure improvements.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=glg§ion=21-515&enactments=falseFetched: 10/17/2026