Md. Code, Local Government § 19–216

(a) A bond anticipation note may not be issued under this part unless it is

signed, endorsed, or guaranteed in the manner required by law for the bonds in

anticipation of which the note is issued.

(b) A bond or grant anticipation note is valid and binding in accordance with

its terms notwithstanding that:

(1) an official whose signature appears on the note is no longer an

official when the note is delivered; or

(2) an official whose signature appears on the note became an official

after the note was issued.