Maryland · Maryland Code — Transportation Article
Md. Code, Transp. § 4-308: (a) The Authority from time to time may issue its revenue refunding bonds for: (1) Refunding any bonds issued under this subtitle or any revenue bonds of prior issues, including the payment of any redemption premium on the bonds and any interest accrued or to accrue to the date of redemption of the
What this law says, in plain English
An Authority may issue revenue refunding bonds to refinance existing bonds, construct or expand transportation facilities, or pay costs of new transportation projects, governed by applicable revenue bond provisions.
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