§ 9-937
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/md/environment/9-937A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§9–937.
By resolution of its board of directors, an authority may provide for the issuance of:
(1)Refunding bonds to refund any bonds of the authority that were issued under this subtitle and are outstanding; or
(2)A single issue of bonds to:
(i)Pay the cost of a project or of the improvement, extension, or reconstruction of or additions to a project; and
(ii)Refund bonds that:
1. Were issued under this subtitle and are outstanding; and
2. Have matured, are subject to redemption, or can be retired.