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Maryland · Through 2026-01-01

Md. Code, Economic Development § 10–519

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  1. Article - Economic Development

(a) The Corporation may:

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

(2) enter into a financing agreement, mortgage, or other instrument that it determines is necessary or desirable to evidence or secure the loan.

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

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

(ii) other provision for payment satisfactory to the Corporation.

(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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