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Maryland · Through 2026-01-01

Md. Code, Economic Development § 10–125

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  1. Article - Economic Development

(a) The Corporation may:

(1) lend or otherwise make available the proceeds of bonds to a person to finance costs of a project; and

(2) enter into financing agreements, mortgages, and other instruments that it determines are necessary or desirable to evidence or secure the loan.

(b) (1) The lease for a project may require or authorize the lessee or another person to purchase or otherwise acquire the property for consideration that the Corporation establishes, when:

(i) the principal of and interest on the bonds that financed the cost of the project are paid; or

(ii) provision satisfactory to the Corporation is made for their payment.

(2) Consideration required under paragraph (1) of this subsection may be nominal.

Collected 2026-09-14T19:57:28Z. Source file · JSON

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