There is a newer version of the Maryland Code
2013 Maryland Code
ECONOMIC DEVELOPMENT
§ 11-317 - Powers -- Borrowing authority
MD Econ Dev Code § 11-317 (2013) What's This?
§11-317.
The authority may:
(1) borrow money to finance costs of a project or for any other corporate purpose of the authority;
(2) mortgage or otherwise encumber its property or revenues for the loan; and
(3) combine projects for financing.
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