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Maryland Code, Economic Development § 10-821.1

Current as of January 01, 2025 | Updated by Findlaw Staff

(a) The Center may enter into financing transactions with, on behalf of, or for the benefit of any State agency for the purposes of a project on State-owned or State-leased property.

(b) Financing under this section:

(1) may be in any form, including bonds, loans, grants, energy performance contracts, shared energy savings contracts, participation agreements, lease agreements, and reimbursement agreements; but

(2) may not pledge the faith and credit of the State.

(c) The Department of General Services and the Department of Budget and Management shall work with the Center to ensure that financing transactions under this section are efficient and cost-effective for the State.

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Cite this article: FindLaw.com - Maryland Code, Economic Development § 10-821.1 - last updated January 01, 2025 | https://codes.findlaw.com/md/economic-development/md-code-econ-dev-sect-10-821-1/

FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.

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