§ 22-109. Performance of acts required

MD Pub Util Code § 22-109 (2019) (N/A)
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To ensure the prompt payment of interest and provision for the payment of the principal on bonds issued under this subtitle:

(1)    the prompt and proper performance of the acts required under §§ 22–106 and 22–108 of this subtitle is specially enjoined; and

(2)    a person who is required to act under §§ 22–106 and 22–108 of this subtitle:

(i)    shall perform the acts required under those sections;

(ii)    shall pay over any funds as required under those sections; and

(iii)    may not use any part of the funds for any other purpose than for the payment of principal and interest on the bonds.