Maryland · Maryland Code — Transportation Article
Md. Code, Transp. § 3-203: (a) The resolution authorizing the issuance of consolidated transportation bonds shall: (1) Describe generally the transportation facilities the cost of which is proposed to be financed by the sale of bonds; (2) State the estimated cost of financing these facilities; and (3) Determine and specify: (
What this law says, in plain English
This statute establishes procedural requirements for resolutions authorizing the issuance of consolidated transportation bonds, including mandatory disclosures about facilities, costs, maturity dates, interest rates, bond forms, and sale methods.
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