Md. Code, Economic Development § 10-329
This is the official text of Md. Code, Economic Development § 10-329, part of Maryland’s Code, Economic Development — governs the state's economic development programs.
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§10–329.
Official statutory text
A sinking fund:
(1) may be held:
(i) for all of the bonds issued to finance projects at a particular participating institution without distinction or priority of one bond over another bond;
(ii) for a particular project and for the bonds issued for that project; and
(iii) for bonds having a lien subordinate to the lien securing other bonds; and
(2) shall be subject to the trust agreement.
(1) may be held:
(i) for all of the bonds issued to finance projects at a particular participating institution without distinction or priority of one bond over another bond;
(ii) for a particular project and for the bonds issued for that project; and
(iii) for bonds having a lien subordinate to the lien securing other bonds; and
(2) shall be subject to the trust agreement.
Status: in_force · Read it on the official government site
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