Maryland § 22-107

§ 22-107.

    (a)    For each issue of its bonds, a Resilience Authority shall adopt a resolution that:

        (1)    specifies and describes the resilience infrastructure;

        (2)    generally describes the public purpose to be served and the financing transaction;

        (3)    specifies the maximum principal amount of the bonds that may be issued; and

        (4)    imposes terms or conditions on the issuance and sale of bonds it considers appropriate.

    (b)    A Resilience Authority, by resolution, may:

        (1)    specify, determine, prescribe, and approve matters, documents, and procedures that relate to the authorization, sale, security, issuance, delivery, and payment of and for the bonds;

        (2)    create security for the bonds;

        (3)    provide for the administration of bond issues through trust or other agreements with a bank or trust company that cover a countersignature on a bond, the delivery of a bond, or the security for a bond; and

        (4)    take other action it considers appropriate concerning the bonds.