Md. Code Ann., Econ. Dev. § 11-413
Powers--Borrowing authority
Effective Oct 1, 2008Added by Acts 2008, c. 306, § 2, eff. Oct. 1, 2008.State of Maryland
The Corporation may:
- (1) borrow money to finance costs of a project or for any other corporate purpose of the Corporation;
- (2) secure the payment of the borrowing by pledge of or mortgage or deed of trust on property or revenues of the Corporation; and
- (3) combine projects for financing.
Added by Acts 2008, c. 306, § 2, eff. Oct. 1, 2008.