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Maryland · Through 2026-01-01

Md. Code, Public Utilities § 22–109

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  1. Article - Public Utilities

To ensure the prompt payment of interest and provision for the payment of the principal on bonds issued under this subtitle:

(1) the prompt and proper performance of the acts required under §§ 22–106 and 22–108 of this subtitle is specially enjoined; and

(2) a person who is required to act under §§ 22–106 and 22–108 of this subtitle:

(i) shall perform the acts required under those sections;

(ii) shall pay over any funds as required under those sections; and

(iii) may not use any part of the funds for any other purpose than for the payment of principal and interest on the bonds.

Collected 2026-09-14T20:00:28Z. Source file · JSON

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