Maryland Statutes
Subtitle 1 - Maryland Environmental Service
Section 3-112 - Authority to Issue Revenue Bonds and Determine Matters Relating Thereto

(a)    The Service may provide by resolution, adopted by a majority of the Board, for the issuance of bonds and notes of the Service.
    (b)    The Board has absolute discretion to determine with respect to the bonds or notes of any issue: (1) the date or dates of issue; (2) the date or dates and amount or amounts of maturity, provided only that no bond of any issue may mature later than 40 years from the date of its issue; (3) the rate or rates of interest payable thereon and the date or dates of such payment; (4) the form or forms, denomination or denominations, manner of execution and the place or places of payment thereof, and the interest thereon, which may be at any bank or trust company within or without the State; (5) whether the bonds or notes or any part thereof are made redeemable before maturity and, if so, upon what terms, conditions, and prices; (6) whether there shall be a debt service reserve fund and, if so, its amount; and (7) any other matter relating to the form, terms, conditions, issuance, and sale thereof.

Structure Maryland Statutes

Maryland Statutes

Natural Resources

Title 3 - Environmental Programs

Subtitle 1 - Maryland Environmental Service

Section 3-101 - Definitions

Section 3-102 - Legislative Intent; Purpose; Construction

Section 3-103 - Established; Organization

Section 3-103.1 - Employees

Section 3-103.2 - Exemption From State Personnel Management System

Section 3-103.3 - Conflict of Interest Policy for Board Members -- Copies Supplied

Section 3-103.4 - Standard of Care for Board Members -- Severance Packages -- Diversity Officer -- Board Policies -- Annual Training -- Citation of Section

Section 3-103.5 - Recurring Assessment of Board's Operations -- Items Evaluated -- Assessment Posted on Website

Section 3-104 - Powers Generally; Corporate Existence

Section 3-105 - Responsibilities and Activities; Limitation Upon Powers

Section 3-106 - Creation and Continuation of Wastewater Purification and Solid Waste Disposal Service Regions and Districts; Five-Year Plans

Section 3-107 - Mandatory Agreement to Provide Requested Services

Section 3-108 - Charges for Water Supply, Wastewater Purification and Solid Waste Disposal Projects or Services; Costs of Projects Generally; Procedure Upon Failure to Pay Costs

Section 3-109 - Projects to Be Provided Upon Direction of Secretary of the Environment

Section 3-110 - Pollution Abatement Projects to Be Provided Upon Directive of Secretary of the Environment; Costs and Operation of Projects

Section 3-111 - Duplicating or Using Projects Similar to Service Provided Projects

Section 3-112 - Authority to Issue Revenue Bonds and Determine Matters Relating Thereto

Section 3-113 - Provisions Applicable to All Bonds

Section 3-114 - Source of Payment of Bonds

Section 3-115 - Issuance of Refunding Bonds and Renewal Notes; Payment to Holders of Bonds and Notes

Section 3-116 - Interim Receipts, Temporary Bonds, Anticipation Notes, and Industrial Development Bonds

Section 3-117 - Trust Agreements; Disposition of Proceeds

Section 3-118 - Revenues -- in General

Section 3-119 - Revenues -- Trust Funds

Section 3-120 - Remedies of Bondholders and Trustees

Section 3-121 - Bonds and Notes Are Legal Investments

Section 3-122 - Bonds or Notes Not to Be Deemed State or Local Debt; Fees or Charges to Pay Project Costs; Contracts With Counties or Municipal Corporations

Section 3-123 - Service Exempt From Taxation; Bonds and Notes of Service Exempt From Taxation

Section 3-124 - Service Not Required to Give Bond or Suffer Liens; Assignment of Wages Not Binding on Service

Section 3-125 - Liens Created in Favor of Service or Municipality

Section 3-126 - Financial Affairs Generally

Section 3-127 - Rules and Regulations Generally

Section 3-128 - Arbitration; Scope of Authority of Public Service Commission

Section 3-129 - Violations and Penalties

Section 3-130 - Short Title