§ 10–125
Statutes in effect as of October 1, 2026.
Md. Code Ann., Econ. Dev. § 10-125 (2026)
Title 10. Statewide Development Resources and Revenue Authorities
Subtitle 1. Maryland Economic Development Corporation
§ 10–125LinkCopy Citation
(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.