Bonds are securities in which all public officers and public bodies of the State of Maryland and its political subdivisions and all banks, trust companies, savings and loan associations, investment companies and others carrying on a banking business, all insurance companies and insurance associations and others carrying on an insurance business, all personal representatives, executors, administrators, guardians, trustees and other fiduciaries, and all other persons may legally and properly invest funds, including capital in their control or belonging to them. Bonds are securities which may properly and legally be deposited with and received by a State or municipal officer or any agency or political subdivision of the State for any purpose for which the deposit of bonds or other obligations of the State is now or may hereafter be authorized by law.
Structure Maryland Statutes
Title 9 - Water, Ice, and Sanitary Facilities
Subtitle 16 - Maryland Water Quality Financing Administration
Section 9-1604 - Express Powers
Section 9-1605 - Maryland Water Quality Revolving Loan Fund
Section 9-1605.1 - Maryland Drinking Water Revolving Loan Fund
Section 9-1605.2 - Bay Restoration Fund
Section 9-1605.3 - Chesapeake and Atlantic Coastal Bays Nonpoint Source Fund
Section 9-1606.1 - Linked Deposit Loans
Section 9-1608 - Validity of Signature; Negotiable Instruments; Public or Private Sale
Section 9-1609 - Refunding Outstanding Bonds
Section 9-1610 - Definitive Bonds, Interim Receipts, Temporary Bonds
Section 9-1611 - Trust Agreements
Section 9-1612 - Rights of Owner of Bonds or Trustee; Enforcing and Compelling Performance of Duties
Section 9-1613 - Bonds as Securities
Section 9-1614 - Payment of Bonds; Construction of Section; Loan Agreement for Wastewater Facility