Maryland Statutes
Part II - Municipal Special Taxing Districts for Infrastructure Improvements
Section 21-420 - Payment of Bonds

(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