§ 10-329
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/md/economic-development/10-329A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§10–329.
A sinking fund:
(1)may be held:
(i)for all of the bonds issued to finance projects at a particular participating institution without distinction or priority of one bond over another bond;
(ii)for a particular project and for the bonds issued for that project; and
(iii)for bonds having a lien subordinate to the lien securing other bonds; and
(2)shall be subject to the trust agreement.