# Economic Development (GEC)

## Title 10. Statewide Development Resources and Revenue Authorities

### Subtitle 3. Maryland Health and Higher Educational Facilities Authority

#### Section 10-349

(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 Sec. 10-348 of this subtitle.

(b) The bonds issued under subsection (a) of this section shall:

  (1) be payable from the fees provided under Sec. 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.

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