Md. Code, Local Government § 19–606
Where this section sits in the code
- Article - Local Government
(a) If the authorizing resolution provides, notes may be secured by:
(1) a trust indenture with a corporate trustee, which may be any
trust company or bank having the powers of a trust company in or outside the State;
and
(2) a letter of credit, line of credit, or other credit or liquidity
instrument from or with a bank or other lending institution.
(b) A security provided by an authorizing resolution under this section may
be secured by the same security given to holders of the notes for the performance by
a county of the county’s monetary obligations under the notes.
Collected 2026-09-14T19:59:58Z. Source file · JSON