Maryland Code § EC-10-334

Section EC-10-334
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(a) The 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 provisions, conditions, or limitations that may be
included in a trust agreement.
(d) The Authority may issue bond anticipation notes to pay any other bond
anticipation notes.
(e) Bond anticipation notes shall be paid from:
(1) revenues of the Authority;
(2) money available and not otherwise pledged; or
(3) the proceeds of the sale of the bonds in anticipation of which the
notes were issued.

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