Maryland Statutes
Title 22 - Resilience Infrastructure
Section 22-107 - Resolution by Resilience Authority on Bond Issue

(a)    For each issue of its bonds, a Resilience Authority shall adopt a resolution that:
        (1)    specifies and describes the resilience infrastructure;
        (2)    generally describes the public purpose to be served and the financing transaction;
        (3)    specifies the maximum principal amount of the bonds that may be issued; and
        (4)    imposes terms or conditions on the issuance and sale of bonds it considers appropriate.
    (b)    A Resilience Authority, by resolution, may:
        (1)    specify, determine, prescribe, and approve matters, documents, and procedures that relate to the authorization, sale, security, issuance, delivery, and payment of and for the bonds;
        (2)    create security for the bonds;
        (3)    provide for the administration of bond issues through trust or other agreements with a bank or trust company that cover a countersignature on a bond, the delivery of a bond, or the security for a bond; and
        (4)    take other action it considers appropriate concerning the bonds.

Structure Maryland Statutes