Maryland Department of Business and Economic Development Section 5-916

      Subject to the provisions of § 5-917 of this subtitle, the Authority may, from the Industrial Development Fund:

            (1)      Insure the payment or repayment of all or any part of the principal of, redemption or prepayment premiums or penalties on, and interest on bonds;

            (2)      Insure the payment or repayment of all or any part of the principal of, redemption or prepayment premiums or penalties on, and interest on any instrument executed, obtained, or delivered in connection with the issuance and sale of bonds; and

            (3)      Pay or insure the payment of any fees or premiums necessary to obtain insurance, guarantees, or other credit support from any person in connection with financial assistance provided by the Authority under this subtitle.