# Economic Development (GEC)

## Title 10. Statewide Development Resources and Revenue Authorities

### Subtitle 2. Maryland Food Center Authority

#### Section 10-225

(a) The Authority may pledge or assign:

  (1) any of its revenues;

  (2) its rights to receive its revenues;

  (3) money or securities in accounts established to secure a bond; or

  (4) a lien or security interest granted or assignment made to the Authority.

(b)

  (1) A pledge or assignment under subsection (a) of this section is valid and binding from the time the pledge or assignment is made.

  (2) A lien, security interest, or assignment under subsection (a) of this section:

    (i) attaches immediately to the revenues or property pledged and then received by the Authority, without any physical delivery or further act; and

    (ii) is valid and binding against any person having a claim against the Authority, regardless of whether the person has notice of the pledge, and without the recording or filing of an instrument.

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