# Economic Development (GEC)

## Title 10. Statewide Development Resources and Revenue Authorities

### Subtitle 5. Maryland Agricultural and Resource-Based Industry Development Corporation

#### Section 10-519

(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.

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