Md. Code, Local Government § 1–1429

(a) An authority may issue negotiable bond anticipation notes in

anticipation of the sale of bonds for any corporate purpose.

(b) Bond anticipation notes issued under this section shall be issued in the

same manner as bonds.

(c) Bond anticipation notes issued under this section and the resolution

authorizing them may contain any provision, condition, or limitation that may be

included in a trust agreement.

(d) An authority may issue bond anticipation notes to pay any other bond

anticipation notes.

(e) Bond anticipation notes shall be paid from:

(1) money available and not otherwise pledged;

(2) revenues of the authority; or

(3) the proceeds of the sale of the bonds in anticipation of which the

notes were issued.