2013 Maryland Code
ECONOMIC DEVELOPMENT
§ 10-519 - Project financing
§10-519.
(a) The Corporation may:
(1) lend or otherwise make available the proceeds of its bonds to a person to finance costs of a project; and
(2) enter into a financing agreement, mortgage, or other instrument that it determines is necessary or desirable to evidence or secure the loan.
(b) (1) A lease for a project may require or authorize the lessee or another person to purchase or otherwise acquire the project for consideration, that the Corporation establishes, on:
(i) payment of the principal of and interest on the bonds that financed the cost of the project; or
(ii) other provision for payment satisfactory to the Corporation.
(2) Consideration required under paragraph (1) of this subsection may be nominal.
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