Maryland § 1-1429

Full text of Maryland Maryland Code § 1-1429, with citation guidance and answers to common questions.

§ 1-1429.

    (a)    An authority may issue negotiable bond anticipation notes in anticipation of the sale of bonds for any corporate purpose.

    (b)    Bond anticipation notes issued under this section shall be issued in the same manner as bonds.

    (c)    Bond anticipation notes issued under this section and the resolution authorizing them may contain any provision, condition, or limitation that may be included in a trust agreement.

    (d)    An authority may issue bond anticipation notes to pay any other bond anticipation notes.

    (e)    Bond anticipation notes shall be paid from:

        (1)    money available and not otherwise pledged;

        (2)    revenues of the authority; or

        (3)    the proceeds of the sale of the bonds in anticipation of which the notes were issued.

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Frequently Asked Questions About Maryland § 1-1429

What does Maryland Code § 1-1429 cover?

Section 1-1429 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 § 1-1429?

A common citation format is "Maryland Code § 1-1429" (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 § 1-1429 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.