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
A resolution authorizing consolidated transportation bonds must describe the facilities financed, state estimated costs, and specify bond terms including issue dates, maturity dates, interest rates, form, sale method, and redemption terms. The Secretary may postpone the sale with 24 hours' notice, provided the new date is within 30 days of the original.
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