(a) The Authority may issue negotiable bond anticipation notes in anticipation of the sale of bonds for any corporate purpose.
(b) Bond anticipation notes issued under this section shall be issued in the same manner as bonds.
(c) Bond anticipation notes issued under this section and the resolution authorizing them may contain any provisions, conditions, or limitations that may be included in a trust agreement.
(d) The Authority may issue bond anticipation notes to pay any other bond anticipation notes.
(e) Bond anticipation notes shall be paid from:
(1) revenues of the Authority;
(2) money available and not otherwise pledged; or
(3) the proceeds of the sale of the bonds in anticipation of which the notes were issued.
Structure Maryland Statutes
Division II - Independent and Regional Development Units and Resources
Title 10 - Statewide Development Resources and Revenue Authorities
Subtitle 3 - Maryland Health and Higher Educational Facilities Authority
Section 10-323 - General Authorization
Section 10-324 - Trust Agreement
Section 10-325 - Legal Investments
Section 10-326 - Liability; Full Faith and Credit
Section 10-327 - Rates, Rents, Fees and Charges
Section 10-328 - Sinking Fund -- Established
Section 10-329 - Sinking Fund -- Nature and Application
Section 10-330 - Use of Bond Proceeds and Revenues
Section 10-331 - Refunding Bonds -- in General
Section 10-332 - Refunding Bonds -- Application of Bond Proceeds
Section 10-333 - Refunding Bonds -- Investment or Reinvestment in United States Obligations
Section 10-334 - Bond Anticipation Notes
Section 10-335 - Title Conveyance; Release of Security