Maryland · Maryland Code — Transportation Article
Md. Code, Transp. § 4-307: (a) Subject to the provisions of §§ 4-306(b), 4-320, and 4-321 of this subtitle, if by reason of increased construction costs, error in estimates, or otherwise, the proceeds of the revenue bonds of any issue are less than the amount required for the purpose for which the bonds are authorized, additi
What this law says, in plain English
When revenue bond proceeds fall short due to construction costs or estimation errors, additional bonds may be issued to cover the deficiency. Additional bonds have equal standing with original bonds and share the same payment fund.
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