Maryland · Maryland Code — Transportation Article
Md. Code, Transp. § 3-210: - 74 - (a) The Department may issue its bond anticipation notes, payable to the bearer or registered holder of the notes out of the first proceeds of the next sale of consolidated transportation bonds
What this law says, in plain English
The Department may issue bond anticipation notes payable from future consolidated transportation bond proceeds. These notes can be issued in series, renewed at maturity, and are governed by applicable bond issuance provisions.
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