{"data":{"id":"us-md/md.-code-local-government-19-606","jurisdiction":"us-md","citation":"Md. Code, Local Government § 19–606","heading":"","body":"(a) If the authorizing resolution provides, notes may be secured by:\n(1) a trust indenture with a corporate trustee, which may be any\ntrust company or bank having the powers of a trust company in or outside the State;\nand\n(2) a letter of credit, line of credit, or other credit or liquidity\ninstrument from or with a bank or other lending institution.\n(b) A security provided by an authorizing resolution under this section may\nbe secured by the same security given to holders of the notes for the performance by\na county of the county’s monetary obligations under the notes.","path":["Article - Local Government"],"source_url":"https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=glg\u0026section=19-606","current_through":"2026-01-01","vintage":"","retrieved_at":"2026-09-14T19:59:58Z","sha256":"cf9ea3f89f9cbc3608ac9ca8d417e80d8ca36544c554aa50c42ca891f47b0807","source_id":"us-md","stale":false,"prev":"us-md/md.-code-local-government-19-605","next":"us-md/md.-code-local-government-19-607"},"notice":"GroundRules: Original legal text. Not legal advice."}