{"data":{"id":"us-md/md.-code-economic-development-10-514","jurisdiction":"us-md","citation":"Md. Code, Economic Development § 10–514","heading":"","body":"(a) (1) This section does not prevent the Corporation from pledging its full faith and credit to the payment of a bond.\n(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.\n(b) (1) A bond:\n(i) is not a debt, liability, or a pledge of the full faith and credit of the State or of any political subdivision; and\n(ii) is payable solely from revenues provided under this subtitle.\n(2) The issuance of a bond is not directly, indirectly, or contingently a moral or other obligation of the State or a political subdivision to levy or pledge any tax or to make an appropriation to pay the bond.\n(3) Each bond shall state on its face that:\n(i) neither the State nor a political subdivision, other than the Corporation, is obliged to pay the principal of or interest on the bond, except from revenues pledged to payment of the bond; and\n(ii) neither the full faith and credit nor the taxing power of the State or a political subdivision is pledged to the payment of the principal of or interest on the bond.","path":["Article - Economic Development"],"source_url":"https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=gec\u0026section=10-514","current_through":"2026-01-01","vintage":"","retrieved_at":"2026-09-14T19:57:28Z","sha256":"50632046026d95a34b6591aaba213cf3744a2d177a8ec171fcdbfc561f06440f","source_id":"us-md","stale":false,"prev":"us-md/md.-code-economic-development-10-513","next":"us-md/md.-code-economic-development-10-515"},"notice":"GroundRules: Original legal text. Not legal advice."}