Maryland Statutes

§ 10-514

Maryland·Article gec Economic Development·Title 10
(a)(1) This section does not prevent the Corporation from pledging its full faith and credit to the payment of a bond.
(2)This section does not limit the ability of the State or a political subdivision to impose an assessment, rate, fee, or charge to pay to the Corporation any cost, including the principal of and interest on a bond, under an agreement between the Corporation and the State or political subdivision.
(b)(1) A bond:
(i)is not a debt, liability, or a pledge of the full faith and credit of the State or of any political subdivision; and
(ii)is payable solely from revenues provided under this subtitle.
(2)The issuance of a bond is not directly, indirectly, or contingently a moral or other obligation of

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