Maryland · Maryland Code — Transportation Article
Md. Code, Transp. § 3-504: (a) A resolution authorizing the issuance of bonds under this subtitle shall determine and specify: (1) The date or dates of issue; (2) The date or dates and amount or amounts of maturities, which need not be in equal principal amounts or consecutive annual installments, but a bond may not be issued
What this law says, in plain English
A resolution authorizing bond issuance must specify issue dates, maturity dates (no later than 30 years), interest rates, bond form, sale method, and redemption terms. The Secretary may postpone sale receipt deadlines with 24-hour notice.
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