§ 19-901. Definitions

   (a) In general. -- In this subtitle the following words have the meanings indicated.

** REVISOR'S NOTE
 
   This subsection is new language added as the standard introductory language to a definition section.

(b) Bond. --

   (1) "Bond" means an obligation for the payment of money, by whatever name known or source of funds secured, issued by a governmental entity under general or special statutory authority.

   (2) "Bond" includes:

      (i) a bond;

      (ii) a certificate of indebtedness;

      (iii) an interim certificate; and

      (iv) a note.

** REVISOR'S NOTE
 
   This subsection is new language added to provide a concise and consistent reference to bonds and in order to avoid repeated references to "general obligation bonds, revenue bonds, or other evidences of obligation" and to conform to § 19-201 of this title and § 8-201 of the State Finance and Procurement Article.

(c) Pension liability funding bond. -- "Pension liability funding bond" means a bond authorized to be issued under this subtitle.

** REVISOR'S NOTE
 
   This subsection is new language added to provide a concise reference to bonds authorized to be issued under this subtitle.

** DEFINED TERM:
 

   "Bond"                                                              § 19-901

HISTORY: 2013, ch. 119, § 2.