(a) Notwithstanding any other provision of law or any recitals in the instruments, the bonds, notes, and other evidences of obligation issued under this subtitle are investment securities under the laws of this State.
(b) The bonds, notes, and other evidences of obligation issued under this subtitle and their issuance and sale are exempt from the provisions of §§ 8-206 and 8-208 of the State Finance and Procurement Article.
Structure Maryland Statutes
Title 3 - Financing by Department
Subtitle 6 - Special Bonds and Borrowings
Section 3-601 - Financing the Costs of Transportation Facilities
Section 3-602 - Special Transportation Project Revenue Bonds
Section 3-603 - Designation as Investment Securities; Exemption From Other Provisions
Section 3-604 - Refunding Bonds
Section 3-605 - Temporary Bonds and Bond Anticipation Notes
Section 3-606 - Trust Agreement
Section 3-607 - Exemption From Taxation; Additional Limitations