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
This statute establishes procedural requirements for authorizing and issuing bonds, including specifications for maturity dates, interest rates, sale methods, and execution by the Secretary.
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