§ 10–349
Statutes in effect as of October 1, 2026.
Md. Code Ann., Econ. Dev. § 10-349 (2026)
Title 10. Statewide Development Resources and Revenue Authorities
Subtitle 3. Maryland Health and Higher Educational Facilities Authority
§ 10–349LinkCopy Citation
(a)
The Authority may issue bonds to finance or otherwise provide for the payment of public obligations or closure costs of a hospital in accordance with a plan developed under § 10-348 of this subtitle.
(b)
The bonds issued under subsection (a) of this section shall:
(1)
be payable from the fees provided under § 10-350 of this subtitle or from other sources provided in the plan;
(2)
be authorized, sold, executed, and delivered in accordance with this subtitle; and
(3)
have terms consistent with constitutional and other legal requirements.
(c)
In connection with the issuance of any bond, the Authority may assign its rights under a loan, lease, or other financing agreement between the Authority or any other issuer of a public obligation and the closed or delicensed hospital to the State or a State unit in consideration for the payment of a public obligation as provided in this part.