Maryland Statutes

§ 13-1116

Maryland·Article gfi Financial Institutions·Title 13
(a)The bonds of any issue shall be payable solely from the property or receipts of the Authority, including without limitation:
(1)Fees, charges, or other revenues payable to the Authority;
(2)Payments by financial institutions, insurance companies, or others pursuant to letters or lines of credit, policies of insurance, or purchase agreements;
(3)Investment earnings from funds or accounts maintained under a bond resolution or trust agreement;
(4)Proceeds of refunding bonds; and
(5)Any other source authorized by law.
(b)The bonds do not constitute a debt, liability, or pledge of full faith and credit of the State and may not be deemed to constitute a debt, liability, or pledge of the full faith and credit of the

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Nearby Sections

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§ 13-1001
§ 13-1001
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§ 13-1008.1
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§ 13-1014
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