Md. Code, Economic Development § 10-629
This is the official text of Md. Code, Economic Development § 10-629, part of Maryland’s Code, Economic Development — governs the state's economic development programs.
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§10–629.
Official statutory text
(a) The Authority shall pay the bonds issued in accordance with this part only from the property or receipts of the Authority.
(b) Property and receipts of the Authority include:
(1) taxes, fees, charges, or other revenues payable to the Authority;
(2) payments in accordance with letters of credit, lines of credit, insurance policies, or purchase agreements;
(3) investment earnings from funds or accounts maintained in accordance with a bond resolution or trust agreement;
(4) the proceeds of refunding bonds; and
(5) any other source authorized by law.
(b) Property and receipts of the Authority include:
(1) taxes, fees, charges, or other revenues payable to the Authority;
(2) payments in accordance with letters of credit, lines of credit, insurance policies, or purchase agreements;
(3) investment earnings from funds or accounts maintained in accordance with a bond resolution or trust agreement;
(4) the proceeds of refunding bonds; and
(5) any other source authorized by law.
Status: in_force · Read it on the official government site
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