2013 Maryland Code
ECONOMIC DEVELOPMENT
§ 10-349 - Bond issuance
§10-349.
(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.
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