# Economic Development (GEC)

## Title 5. Economic Development and Financial Assistance Programs

### Subtitle 4. Maryland Industrial Development Financing Authority

#### Section 5-418

A member of the Authority, a person executing a bond or agreement of the Authority under this subtitle, or an employee of the Authority, the Department, or the State is not:

(1) personally liable on a bond or agreement of the Authority; or

(2) subject to personal liability or accountability arising from the issuance, execution, or delivery of a bond or agreement of the Authority.

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