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<section article="gec" article_name="Economic Development" number="10-821.1" title_number="10" title_name="Statewide Development Resources and Revenue Authorities" subtitle_number="8" subtitle_name="Maryland Clean Energy Center">
  <level label="a">
    <text>The Center may enter into financing transactions with, on behalf of, or for the benefit of any State agency for the purposes of a project on State–owned or State–leased property.</text>
  </level>
  <level label="b">
    <text>Financing under this section:</text>
    <level label="1">
      <text>may be in any form, including bonds, loans, grants, energy performance contracts, shared energy savings contracts, participation agreements, lease agreements, and reimbursement agreements; but</text>
    </level>
    <level label="2">
      <text>may not pledge the faith and credit of the State.</text>
    </level>
  </level>
  <level label="c">
    <text>The Department of General Services and the Department of Budget and Management shall work with the Center to ensure that financing transactions under this section are efficient and cost–effective for the State.</text>
  </level>
</section>
