{"data":{"id":"us-md/md.-code-local-government-21-515","jurisdiction":"us-md","citation":"Md. Code, Local Government § 21–515","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 county for any purpose stated in § 21–\n504(a) of this subtitle, including refunding 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=21-515","current_through":"2026-01-01","vintage":"","retrieved_at":"2026-09-14T19:59:58Z","sha256":"8a49969454c94f43a6888577ed88a8b4d245d3b8c45660f8663e71291dd3bb82","source_id":"us-md","stale":false,"prev":"us-md/md.-code-local-government-21-514","next":"us-md/md.-code-local-government-21-516"},"notice":"GroundRules: Original legal text. Not legal advice."}