(a) A county fiscal officer who has custody of a sinking fund established by the county to pay the principal of or the interest on bonds issued in accordance with this subtitle may invest the sinking fund only as provided in § 19–102 of this title.
(b) A county fiscal officer who has custody of bond proceeds may invest the proceeds as provided in §§ 17–101 and 17–102 of this article.
Structure Maryland Statutes
Subtitle 5 - Creation of Public Debt -- Code Counties
Section 19-501 - "Public Local Law" Defined
Section 19-502 - Scope of Subtitle
Section 19-503 - Authority to Borrow Money and Issue Bonds
Section 19-504 - Procedures for Issuing Bonds
Section 19-505 - Limitations on Authority to Issue Bonds
Section 19-506 - Negotiability of Bonds
Section 19-507 - Tax Status of Bonds
Section 19-508 - Investment of Sinking Fund and Bond Proceeds
Section 19-509 - Liability for Bonds; Imposition of Taxes; Limits on Debt