{"data":{"id":"us-md/md.-code-housing-and-community-development-4-250","jurisdiction":"us-md","citation":"Md. Code, Housing and Community Development § 4–250","heading":"","body":"(a) A bond or note issued by the Administration under this part is a legal and proper investment for:\n(1) a public officer, a political subdivision, or a governmental unit;\n(2) a bank, trust company, savings and loan association, investment company, or other person doing a banking business;\n(3) an insurance company, insurance association, or other person doing an insurance business;\n(4) a personal representative, guardian, trustee, or other fiduciary; or\n(5) any other person.\n(b) For any purpose for which the deposit of a bond or other obligation of the State is authorized by law, a bond issued by the Administration under this part is a security that may legally and properly be deposited with and received by a public officer, a political subdivision, or a governmental unit.","path":["Article - Housing and Community Development"],"source_url":"https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=ghs\u0026section=4-250","current_through":"2026-01-01","vintage":"","retrieved_at":"2026-09-14T19:59:07Z","sha256":"e9ffde06a42182335133cfe342bea104710209ea3a284a016f096392c77623b0","source_id":"us-md","stale":false,"prev":"us-md/md.-code-housing-and-community-development-4-249","next":"us-md/md.-code-housing-and-community-development-4-251"},"notice":"GroundRules: Original legal text. Not legal advice."}