§ 19-508. Investment of sinking fund and bond proceeds

Latest version.

(a) Authority to invest sinking fund. -- A county fiscal officer who has custody of a sinking fund established by the county to pay the principal of or the interest on bonds issued in accordance with this subtitle may invest the sinking fund only as provided in § 19-102 of this title.

(b) Authority to invest bond proceeds. -- A county fiscal officer who has custody of bond proceeds may invest the proceeds as provided in § 17-101 and 17-102 of this article.

HISTORY: An. Code 1957, art. 25B, § 18; 2013, ch. 119, § 2.

                    
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