- (a) A covered county may issue new bonds to pay outstanding bonds in accordance with procedures of this subtitle and § 19-207 of the Local Government Article.
- (b) New bonds shall be secured to the same extent and shall have the same source of payment as the bonds refunded.
Added by Acts 2005, c. 26, § 2, eff. Oct. 1, 2005. Amended by Acts 2013, c. 136, § 1, eff. Oct. 1, 2013.