{"data":{"id":"us-md/md.-code-economic-development-10-349","jurisdiction":"us-md","citation":"Md. Code, Economic Development § 10–349","heading":"","body":"(a) The Authority may issue bonds to finance or otherwise provide for the payment of public obligations or closure costs of a hospital in accordance with a plan developed under § 10-348 of this subtitle.\n(b) The bonds issued under subsection (a) of this section shall:\n(1) be payable from the fees provided under § 10-350 of this subtitle or from other sources provided in the plan;\n(2) be authorized, sold, executed, and delivered in accordance with this subtitle; and\n(3) have terms consistent with constitutional and other legal requirements.\n(c) In connection with the issuance of any bond, the Authority may assign its rights under a loan, lease, or other financing agreement between the Authority or any other issuer of a public obligation and the closed or delicensed hospital to the State or a State unit in consideration for the payment of a public obligation as provided in this part.","path":["Article - Economic Development"],"source_url":"https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=gec\u0026section=10-349","current_through":"2026-01-01","vintage":"","retrieved_at":"2026-09-14T19:57:28Z","sha256":"396a919f6e12be9ef7f87a78bcabdae7617727083b37291a34cfd5e4524f110f","source_id":"us-md","stale":false,"prev":"us-md/md.-code-economic-development-10-348","next":"us-md/md.-code-economic-development-10-350"},"notice":"GroundRules: Original legal text. Not legal advice."}