Proceeds of sale of bond anticipation notes

  1. Law
  2. Maryland Code
  3. Local Government
  4. Local Finance
  5. Public Debt
  6. Public Securities
  7. Bond and Grant Anticipation Notes
  8. Proceeds of sale of bond anticipation notes

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    The proceeds of sale of bond anticipation notes shall be spent:

        (1)    first, for payment of the expenses of issuance of the notes; and

        (2)    then, subject to § 19–217(a)(2) of this subtitle, only for the public purposes for which the bonds are authorized.


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