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Md. Code Ann., Econ. Dev. § 5-424

Known as the Maryland Industrial Development Financing Authority Act

The act spans §§ 5-401 to 5-466 (53 sections).

The Fund shall be used:

(1) for the purposes described in Part VI and §§ 5–430, 5–431, and 5–438 of this subtitle; and

(2) to pay expenses of the Authority, including expenses:

(i) for administrative, legal, actuarial, and other services;

(ii) related to:

1. issuance or insurance of bonds and authorized purpose obligations; and

2. funding of reserves; and

(iii) of providing other financial assistance under this subtitle.

Official source: Maryland General Assembly. Reproduced from public-domain Maryland statutes; confirm against the official source for the current text. Not legal advice.