Md. Code, Economic Development § 5-460
This is the official text of Md. Code, Economic Development § 5-460, part of Maryland’s Code, Economic Development — governs the state's economic development programs.
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§5–460.
Official statutory text
(a) A fixed asset financing loan assisted by a linked deposit is not a debt of the State or a pledge of the credit of the State.
(b) The Authority and, in accordance with § 5-521 of the Courts Article, the Department and the State are not liable to a lender for payment of the principal or interest on a fixed asset financing loan assisted by a linked deposit under this part.
(b) The Authority and, in accordance with § 5-521 of the Courts Article, the Department and the State are not liable to a lender for payment of the principal or interest on a fixed asset financing loan assisted by a linked deposit under this part.
Status: in_force · Read it on the official government site
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