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 pay off existing bonds and related costs. Refunding bonds are governed by revenue bond provisions, except certain requirements do not apply.
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