§ 5–460
Statutes in effect as of October 1, 2026.
Md. Code Ann., Econ. Dev. § 5-460 (2026)
Title 5. Economic Development and Financial Assistance Programs
Subtitle 4. Maryland Industrial Development Financing Authority
§ 5–460LinkCopy Citation
(a)
A fixed asset financing loan assisted by a linked deposit is not a debt of the State or a pledge of the credit of the State.
(b)
The Authority and, in accordance with § 5-521 of the Courts Article, the Department and the State are not liable to a lender for payment of the principal or interest on a fixed asset financing loan assisted by a linked deposit under this part.