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Current as of January 01, 2025 | Updated by Findlaw Staff
(a) The authority may:
(1) lend or otherwise make available its net revenue 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) A lease of property of the authority may require or authorize the lessee or another person, on conveyance of the property to the authority, to purchase or otherwise acquire the property for consideration that the authority establishes.
Cite this article: FindLaw.com - Maryland Code, Economic Development § 11-320 - last updated January 01, 2025 | https://codes.findlaw.com/md/economic-development/md-code-econ-dev-sect-11-320/
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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