§ 10-332. Refunding bonds -- Application of bond proceeds

MD Econ Dev Code § 10-332 (2019) (N/A)
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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.