§ 10–519
Statutes in effect as of October 1, 2026.
Md. Code Ann., Econ. Dev. § 10-519 (2026)
Title 10. Statewide Development Resources and Revenue Authorities
Subtitle 5. Maryland Agricultural and Resource-Based Industry Development Corporation
§ 10–519LinkCopy Citation
(a)
The Corporation may:
(1)
lend or otherwise make available the proceeds of its bonds to a person to finance costs of a project; and
(2)
enter into a financing agreement, mortgage, or other instrument that it determines is necessary or desirable to evidence or secure the loan.
(b)
(1)
A lease for a project may require or authorize the lessee or another person to purchase or otherwise acquire the project for consideration, that the Corporation establishes, on:
(i)
payment of the principal of and interest on the bonds that financed the cost of the project; or
(ii)
other provision for payment satisfactory to the Corporation.
(2)
Consideration required under paragraph (1) of this subsection may be nominal.