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<section article="gec" article_name="Economic Development" number="10-841" 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 secure bonds by a trust agreement.</text>
  </level>
  <level label="b">
    <text>The corporate trustee under a trust agreement may be a trust company or a bank that has the powers of a trust company in or outside the State.</text>
  </level>
  <level label="c">
    <text>In addition to the provisions described in § 10–840(h) of this subtitle, the trust agreement may contain:</text>
    <level label="1">
      <text>either:</text>
      <level label="i">
        <text>a provision conveying or mortgaging all or a portion of the project; or</text>
      </level>
      <level label="ii">
        <text>a provision creating a collateral account;</text>
      </level>
    </level>
    <level label="2">
      <text>other provisions that the Center considers reasonable and proper for the security of bondholders; and</text>
    </level>
    <level label="3">
      <text>a provision that restricts the individual right of action by bondholders.</text>
    </level>
  </level>
  <level label="d">
    <text>An expense incurred in carrying out the trust agreement or a resolution may be treated as part of the cost of the operation of a project.</text>
  </level>
</section>
