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Code · Maryland · Economic Development

§ 10-332

51 words·~1 min read·/md/economic-development/10-332

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§10–332.
(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.
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