(a) A law to terminate the Authority may not take effect until adequate provision is made to pay each outstanding bond and other obligation of the Authority.
(b) On termination of the Authority, its rights and property pass to the State.
Md. Code Ann., Econ. Dev. § 10-320
Known as the Maryland Health and Higher Educational Facilities Authority Act
The act spans §§ 10-301 to 10-356 (48 sections).
Official source: Maryland General Assembly. Reproduced from public-domain Maryland statutes; confirm against the official source for the current text. Not legal advice.