Md. Code, Local Gov't § 21-420

Maryland · Maryland Code, Local Government · Status: effective

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Citation: Md. Code, Local Gov't § 21-420, Maryland, version 1 as recorded 2026-09-29, yourstate.us, https://yourstate.us/provision/1782935
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(a) Bonds are payable from the special fund required under § 21–412 of this subtitle. (b) The governing body of a municipality that issues bonds under this part may: (1) establish a sinking fund; (2) establish a debt service reserve fund; (3) pledge other assets and revenues toward the payment of the principal of and interest on the bonds; or (4) provide for municipal bond insurance or any other financial guaranty of the bonds.