{"data":{"id":"us-md/md.-code-local-government-21-421","jurisdiction":"us-md","citation":"Md. Code, Local Government § 21–421","heading":"","body":"Bond proceeds shall be used only to pay the cost of infrastructure\nimprovements, including:\n(1) the cost of establishing, acquiring, designing, constructing,\nextending, or altering infrastructure improvements;\n(2) the cost of issuing bonds;\n(3) payment of the principal of and interest on loans, money\nadvances, or indebtedness incurred by the municipality for any purpose stated in §\n21–410(a) of this subtitle, including refunding of bonds previously issued; and\n(4) funding of a debt service reserve fund or payment of interest\nbefore, during, or for a limited period of time after constructing the infrastructure\nimprovements.","path":["Article - Local Government"],"source_url":"https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=glg\u0026section=21-421","current_through":"2026-01-01","vintage":"","retrieved_at":"2026-09-14T19:59:58Z","sha256":"017263557196c5ed40a4a4c71e7583be686271b5ace1d38a3712d02251bff472","source_id":"us-md","stale":false,"prev":"us-md/md.-code-local-government-21-420","next":"us-md/md.-code-local-government-21-422"},"notice":"GroundRules: Original legal text. Not legal advice."}