Maryland · Maryland Code — Transportation Article
Md. Code, Transp. § 3-519: (a) The Department may from time to time issue revenue refunding bonds under this subtitle for: (1) Refunding any bonds issued under this subtitle, including the payment of any redemption premium on the bonds and any interest accrued or to accrue to the date of redemption of the bonds; and (2) Refun
What this law says, in plain English
The Department may issue revenue refunding bonds to refinance existing bonds and pay associated costs. Refunding bond issuance follows revenue bond rules under this subtitle, except it is exempt from § 3-516.
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