2013 Maryland Code
ECONOMIC DEVELOPMENT
§ 10-125 - Project financing
§10-125.
(a) The Corporation may:
(1) lend or otherwise make available the proceeds of bonds to a person to finance costs of a project; and
(2) enter into financing agreements, mortgages, and other instruments that it determines are necessary or desirable to evidence or secure the loan.
(b) (1) The lease for a project may require or authorize the lessee or another person to purchase or otherwise acquire the property for consideration that the Corporation establishes, when:
(i) the principal of and interest on the bonds that financed the cost of the project are paid; or
(ii) provision satisfactory to the Corporation is made for their payment.
(2) Consideration required under paragraph (1) of this subsection may be nominal.
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