{"data":{"id":"us-md/md.-code-local-government-21-420","jurisdiction":"us-md","citation":"Md. Code, Local Government § 21–420","heading":"","body":"(a) Bonds are payable from the special fund required under § 21–412 of this\nsubtitle.\n(b) The governing body of a municipality that issues bonds under this part\nmay:\n(1) establish a sinking fund;\n(2) establish a debt service reserve fund;\n(3) pledge other assets and revenues toward the payment of the\nprincipal of and interest on the bonds; or\n(4) provide for municipal bond insurance or any other financial\nguaranty of the bonds.","path":["Article - Local Government"],"source_url":"https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=glg\u0026section=21-420","current_through":"2026-01-01","vintage":"","retrieved_at":"2026-09-14T19:59:58Z","sha256":"42e0b354d8f941a09389fa27fa5a7a6b143b02dea6606de81aefdd442ddad3d7","source_id":"us-md","stale":false,"prev":"us-md/md.-code-local-government-21-419","next":"us-md/md.-code-local-government-21-421"},"notice":"GroundRules: Original legal text. Not legal advice."}