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<section article="gec" article_name="Economic Development" number="10-519" title_number="10" title_name="Statewide Development Resources and Revenue Authorities" subtitle_number="5" subtitle_name="Maryland Agricultural and Resource-Based Industry Development Corporation">
  <level label="a">
    <text>The Corporation may:</text>
    <level label="1">
      <text>lend or otherwise make available the proceeds of its bonds to a person to finance costs of a project; and</text>
    </level>
    <level label="2">
      <text>enter into a financing agreement, mortgage, or other instrument that it determines is necessary or desirable to evidence or secure the loan.</text>
    </level>
  </level>
  <level label="b">
    <level label="1">
      <text>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:</text>
      <level label="i">
        <text>payment of the principal of and interest on the bonds that financed the cost of the project; or</text>
      </level>
      <level label="ii">
        <text>other provision for payment satisfactory to the Corporation.</text>
      </level>
    </level>
    <level label="2">
      <text>Consideration required under paragraph (1) of this subsection may be nominal.</text>
    </level>
  </level>
</section>
