# Economic Development (GEC)

## Title 10. Statewide Development Resources and Revenue Authorities

### Subtitle 1. Maryland Economic Development Corporation

#### Section 10-125

(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.

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Md. Code Ann., Econ. Dev. (as displayed at mgaleg.maryland.gov, October 16, 2026)