Maryland Statutes
§ 10-220
Maryland § 10-220
This text of Maryland § 10-220 is published on Counsel Stack Legal Research, covering Maryland primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Md. Code Ann., Economic Development § 10-220 (2026).
Text
(a)A bond is not a debt or a pledge of the faith and credit of the State or a political subdivision, and is payable solely from development or project revenues as provided in accordance with this subtitle.
(b)Each bond shall state on its face that the Authority, the State, and a political subdivision of the State are not obliged to pay the principal of or interest on the bond except from the development or project revenues pledged to the payment of the bond.
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Bluebook (online)
Maryland § 10-220, Counsel Stack Legal Research, https://law.counselstack.com/statute/md/gec/10-220.