State Codes and Statutes
Statutes > Maryland > Environment > Title-9 > Subtitle-8 > 9-813§ 9-813. Refunding revenue bonds.
(a) Purpose.- Any municipality may issue refunding bonds to refund, pay, or discharge the principal and interest on all or any part of the outstanding bonds:
(1) Issued by the municipality to finance the development of all or part of the sewerage facility; and
(2) In arrears or about to become due.
(b) Bond provisions applicable.- The provisions of this subtitle that concern authorization and issuance of bonds apply to authorization and issuance of refunding bonds.
[An. Code 1957, art. 43, § 438; 1982, ch. 240, § 2.]
