Maryland Statutes
Subtitle 1 - Maryland Environmental Service
Section 3-115 - Issuance of Refunding Bonds and Renewal Notes; Payment to Holders of Bonds and Notes

The Service may provide, by resolution adopted by a majority of the Board, for the issuance of its renewal notes or of refunding bonds for the purpose of refunding any bonds or notes then outstanding which were issued under the provisions of this subtitle, whether or not the bonds or notes to be refunded have matured, including the payment of any redemption premium thereon and any interest accrued or to accrue to the date of redemption of the bonds or notes, and, if deemed advisable by the Board, for either or both of the following combined additional purposes: (1) paying all or any part of the cost of constructing improvements or extensions to or enlargements of any existing project or projects and (2) paying all or any part of the cost of any additional project or projects. The issuance of refunding bonds or renewal notes and the details thereof, the rights of the holders thereof, and the rights, duties, and obligations of the Service in respect thereto, are governed by the provisions of this subtitle relating to bonds or notes, insofar as these provisions may be applicable.

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