Md. Code, Economic Development § 10-220

Md. Code, Economic Development § 10-220
in effect
Sign in to generate a plain English summaryAsk Belisarius Agent
(a) A bond is not a debt or a pledge of the faith and credit of the State or a political subdivision, and is payable solely from development or project revenues as provided in accordance with this subtitle. (b) Each bond shall state on its face that the Authority, the State, and a political subdivision of the State are not obliged to pay the principal of or interest on the bond except from the development or project revenues pledged to the payment of the bond.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=gec&section=10-220&enactments=falseFetched: 10/16/2026

Starting a business in Maryland? Maryland LLC guide: costs and requirements