Maryland · Maryland Code — Transportation Article
Md. Code, Transp. § 3-310: (a) In this section, “government obligations” means direct obligations of, or obligations the principal of and interest on which are unconditionally guaranteed by the United States of America
What this law says, in plain English
This statute defines government obligations and authorizes the Secretary and State Treasurer to transfer U.S.-backed securities to ensure county transportation bonds are paid when due.
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