- (a) The Authority may issue bonds to finance or otherwise provide for the payment of public obligations or closure costs of a hospital in accordance with a plan developed under § 10-348 of this subtitle.
(b) The bonds issued under subsection (a) of this section shall:
- (1) be payable from the fees provided under § 10-350 of this subtitle or from other sources provided in the plan;
- (2) be authorized, sold, executed, and delivered in accordance with this subtitle; and
- (3) have terms consistent with constitutional and other legal requirements.
- (c) In connection with the issuance of any bond, the Authority may assign its rights under a loan, lease, or other financing agreement between the Authority or any other issuer of a public obligation and the closed or delicensed hospital to the State or a State unit in consideration for the payment of a public obligation as provided in this part.
Added by Acts 2008, c. 306, § 2, eff. Oct. 1, 2008.