Skip to main content
Find a Lawyer

Maryland Code, Economic Development § 12-117

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

(a) This section applies to a lease or contract under which:

(1) the State or a unit of the State will be an initial user or occupant of a facility financed by bonds issued under this subtitle; or

(2) a facility financed by bonds issued under this subtitle will be built on property owned by the State.

(b) The State or a unit of the State may not enter into a lease or contract that is subject to this section and that forms a part of the security for bonds issued under this subtitle unless:

(1) the Legislative Policy Committee has authorized the facility as being consistent with the capital budget; and

(2) the Board of Public Works specifically has approved the bond issue for that facility.

Previous Part of Code Next Part of Code
Back to Chapter List

Cite this article: FindLaw.com - Maryland Code, Economic Development § 12-117 - last updated January 01, 2025 | https://codes.findlaw.com/md/economic-development/md-code-econ-dev-sect-12-117/

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.

Was this helpful?

Welcome to FindLaw's Cases & Codes

A free source of state and federal court opinions, state laws, and the United States Code. For more information about the legal concepts addressed by these cases and statutes, visit FindLaw’s Learn About the Law.

Go to Learn About the Law

Latest Blog Posts

For Legal Professionals

Learn About The Law

Get help with your legal needs

FindLaw’s Learn About the Law features thousands of informational articles to help you understand your options. And if you’re ready to hire an attorney, find one in your area who can help.

Go to Learn About the Law

Need to Find an Attorney?

Search our directory by legal issue

Enter information in one or both fields (Required)

Copied to clipboard