{"data":{"id":"us-md/md.-code-economic-development-10-332","jurisdiction":"us-md","citation":"Md. Code, Economic Development § 10–332","heading":"","body":"(a) The Authority may apply the proceeds of refunding bonds to the purchase, retirement at maturity, or redemption of outstanding bonds on the earliest or a subsequent redemption date for those bonds.\n(b) The Authority may place proceeds of refunding bonds in escrow before applying the proceeds to refund bonds.","path":["Article - Economic Development"],"source_url":"https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=gec\u0026section=10-332","current_through":"2026-01-01","vintage":"","retrieved_at":"2026-09-14T19:57:28Z","sha256":"698764f8ff7d5e4705c96c2f61f699157a68cd5304eee506114880724b76d250","source_id":"us-md","stale":false,"prev":"us-md/md.-code-economic-development-10-331","next":"us-md/md.-code-economic-development-10-333"},"notice":"GroundRules: Original legal text. Not legal advice."}