Maryland § 1-1428
Full text of Maryland Maryland Code § 1-1428, with citation guidance and answers to common questions.
§ 1-1428.
(a) (1) An authority may issue bonds to refund outstanding bonds of the authority, including paying:
(i) any redemption premium;
(ii) interest accrued or to accrue to the date of redemption, purchase, or maturity of the bonds; and
(iii) any part of the cost of acquiring or improving property as part of a project.
(2) Refunding bonds may be issued for any corporate purpose, including:
(i) realizing savings in the effective costs of debt service, directly or through a debt restructuring; or
(ii) alleviating a potential or actual default.
(b) Refunding bonds issued under this section shall be issued in the same manner and are subject to this subtitle to the same extent as any other bond.
(c) An authority may issue refunding bonds in one or more series in an amount greater than the amount of the bonds to be refunded.
Frequently Asked Questions About Maryland § 1-1428
What does Maryland Code § 1-1428 cover?
Section 1-1428 is part of the Maryland Code, the codified statutory law of Maryland. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Maryland § 1-1428?
A common citation format is "Maryland Code § 1-1428" (Maryland). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Maryland law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Maryland official source linked on this page or consult a licensed Maryland attorney.
How does Maryland § 1-1428 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Maryland can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Maryland.