Maryland Code, ENVIRONMENT 9-936
Current as of: 2023 | Check for updates
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(a) If an authority considers it necessary, the authority may include any limitation or restriction on the issuance of additional bonds:
(1) In the resolution that provides for the issuance of bonds of the authority; or
(2) In any trust agreement that secures the bonds.
(b) If a resolution or trust agreement places any limitation or restriction on the issuance of additional bonds, the authority shall honor the limitation or restriction when the authority issues additional bonds.