Md. Code, Economic Development § 10-329
Md. Code, Economic Development § 10-329
in effectA sinking fund:
(1) may be held:
(i) for all of the bonds issued to finance projects at a particular participating institution without distinction or priority of one bond over another bond;
(ii) for a particular project and for the bonds issued for that project; and
(iii) for bonds having a lien subordinate to the lien securing other bonds; and
(2) shall be subject to the trust agreement.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=gec§ion=10-329&enactments=falseFetched: 10/16/2026