Md. Code, Financial Institutions § 13-1116
Md. Code, Financial Institutions § 13-1116
in effect(a) The bonds of any issue shall be payable solely from the property or receipts of the Authority, including without limitation:
(1) Fees, charges, or other revenues payable to the Authority;
(2) Payments by financial institutions, insurance companies, or others pursuant to letters or lines of credit, policies of insurance, or purchase agreements;
(3) Investment earnings from funds or accounts maintained under a bond resolution or trust agreement;
(4) Proceeds of refunding bonds; and
(5) Any other source authorized by law.
(b) The bonds do not constitute a debt, liability, or pledge of full faith and credit of the State and may not be deemed to constitute a debt, liability, or pledge of the full faith and credit of the State.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=gfi§ion=13-1116&enactments=falseFetched: 10/17/2026