# Economic Development (GEC)

## Title 10. Statewide Development Resources and Revenue Authorities

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

#### Section 10-524

(a) A debt, claim, obligation, or liability of the Corporation, whenever incurred, is the debt, claim, obligation, or liability of the Corporation only and not of the State, a unit or instrumentality of the State, or a State officer or employee.

(b) A debt, claim, obligation, or liability of the Corporation may not be considered a debt of the State or a pledge of its credit.

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