(a) Bonds are payable from the special fund required under § 21–412 of this subtitle.
(b) The governing body of a municipality that issues bonds under this part may:
(1) establish a sinking fund;
(2) establish a debt service reserve fund;
(3) pledge other assets and revenues toward the payment of the principal of and interest on the bonds; or
(4) provide for municipal bond insurance or any other financial guaranty of the bonds.
Structure Maryland Statutes
Title 21 - Special Taxing Districts
Subtitle 4 - Municipal Special Taxing Districts
Part II - Municipal Special Taxing Districts for Infrastructure Improvements
Section 21-408 - Application and Construction of Part
Section 21-409 - Authority Granted
Section 21-410 - Purpose of Authority
Section 21-411 - Public Hearing Requirements
Section 21-413 - Use of Special Fund When No Bonds Outstanding
Section 21-415 - Termination of Special Taxing District
Section 21-416 - Investment of Special Fund and Sinking Funds
Section 21-417 - Bonds Authorized
Section 21-418 - Conditions of Issuance
Section 21-419 - Bonds Are Securities
Section 21-420 - Payment of Bonds