Bonds issued under this subtitle are securities:
(1) that may be deposited with and received by a unit of the State or a political subdivision for any purpose for which the deposit of bonds or obligations of the State is authorized by law; and
(2) in which any of the following persons or entities may invest money:
(i) an officer or a unit of the State or a political subdivision of the State;
(ii) a bank, a trust company, a savings and loan association, or an investment company;
(iii) an insurance company; and
(iv) a personal representative, a trustee, or any other fiduciary.
Structure Maryland Statutes
Title 21 - Special Taxing Districts
Subtitle 5 - Districts for Infrastructure Improvements for Selected Counties
Part I - Definitions; General Provisions
Section 21-502 - Application and Construction of Subtitle
Section 21-503 - Authority Granted
Section 21-504 - Purpose of Authority
Section 21-505 - Conditions and Limitations
Section 21-507 - Use of Special Fund When No Bonds Outstanding
Section 21-509 - Termination of Special Taxing District
Section 21-510 - Investment of Special Fund and Sinking Funds
Section 21-511 - Bonds Authorized
Section 21-512 - Conditions of Issuance
Section 21-513 - Bonds Are Securities
Section 21-514 - Payment of Bonds