2013 Maryland Code
FINANCIAL INSTITUTIONS
§ 13-1019 - Bonds payable from receipts of Authority


MD Fin Inst Code § 13-1019 (2013) What's This?

§13-1019.

The bonds of any issue shall be payable solely from the property or receipts of the Authority, including, without limitation:

(1) Fees, charges, or other revenues payable to the Authority;

(2) Payments by financial institutions, insurance companies, or others pursuant to letters or lines of credit, policies of insurance, or purchase agreements;

(3) Investment earnings from funds or accounts maintained pursuant to a bond resolution or trust agreement;

(4) Proceeds of refunding bonds; and

(5) Any other source authorized by law.

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