§ 10–220
Statutes in effect as of October 1, 2026.
Md. Code Ann., Econ. Dev. § 10-220 (2026)
Title 10. Statewide Development Resources and Revenue Authorities
Subtitle 2. Maryland Food Center Authority
§ 10–220LinkCopy Citation
(a)
A bond is not a debt or a pledge of the faith and credit of the State or a political subdivision, and is payable solely from development or project revenues as provided in accordance with this subtitle.
(b)
Each bond shall state on its face that the Authority, the State, and a political subdivision of the State are not obliged to pay the principal of or interest on the bond except from the development or project revenues pledged to the payment of the bond.