Maryland Statutes
Title 22 - Resilience Infrastructure
Section 22-106 - Issuance and Sale of Bonds by Resilience Authority

(a)    Notwithstanding any other provision of law, a Resilience Authority may issue and sell bonds periodically:
        (1)    for resilience infrastructure projects;
        (2)    to refund outstanding bonds;
        (3)    to pay the costs of preparing, printing, selling, and issuing the bonds;
        (4)    to fund reserves; and
        (5)    to pay the interest on the bonds in the amount and for the period the Resilience Authority considers reasonable.
    (b)    Bonds issued by a Resilience Authority are limited obligations and are not a pledge of the faith and credit or taxing power of an incorporating local government.

Structure Maryland Statutes