{"data":{"id":"us-md/md.-code-economic-development-5-406","jurisdiction":"us-md","citation":"Md. Code, Economic Development § 5–406","heading":"","body":"(a) There is a Maryland Industrial Development Financing Authority in the Department.\n(b) The Authority is a body politic and corporate and is an instrumentality of the State.\n(c) The exercise by the Authority of power under this subtitle is the performance of an essential governmental function.","path":["Article - Economic Development"],"source_url":"https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=gec\u0026section=5-406","current_through":"2026-01-01","vintage":"","retrieved_at":"2026-09-14T19:57:28Z","sha256":"3ae30fc5cd93cbb33662e2b204b75b6c35407a39a0437a2e7679d793273af663","source_id":"us-md","stale":false,"prev":"us-md/md.-code-economic-development-5-404","next":"us-md/md.-code-economic-development-5-407"},"notice":"GroundRules: Original legal text. Not legal advice."}