§ 12–108
Statutes in effect as of October 1, 2026.
Md. Code Ann., Econ. Dev. § 12-108 (2026)
Title 12. Local Development Authorities and Resources
Subtitle 1. Economic Development Revenue Bond Act
§ 12–108LinkCopy Citation
Except as necessary to pay debt service or implement the public purposes or programs of the incorporating county or municipal corporation, the net earnings of an authority may benefit only the incorporating county or municipal corporation and may not benefit any person.