- (1) the cost of establishing, acquiring, designing, constructing, extending, or altering infrastructure improvements;
- (2) the cost of issuing bonds;
- (3) payment of the principal of and interest on loans, money advances, or indebtedness incurred by the municipality for any purpose stated in § 21-410(a) of this subtitle, including refunding of bonds previously issued; and
- (4) funding of a debt service reserve fund or payment of interest before, during, or for a limited period of time after constructing the infrastructure improvements.
Bond proceeds shall be used only to pay the cost of infrastructure improvements, including:
Added by Acts 2013, c. 119, § 2, eff. Oct. 1, 2013.