(a) In this subtitle the following words have the meanings indicated. (b) (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. (c) 'Pension liability funding bond' means a bond authorized to be issued under this subtitle.
Maryland Legal Code