Md. Code Regs. 05.09.01.02

Current through Register Vol. 51, No. 24, December 2, 2024

Section 05.09.01.02 - Objective

A. The objective of the program is to provide an accessible and uncomplicated mechanism for local governments to secure financing or refinancing for the acquisition, construction, and rehabilitation of public infrastructure projects, including streets, bridges, buildings, utility systems, and other structures and facilities used for providing public services.

B. Any financing or refinancing under the Program may be backed by the full faith and credit of the local government or the pledge of specifically identified revenues.

Regulations .02 amended effective November 22, 1993 (20:23 Md. R. 1801)