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Md. Code Ann., Fin. Inst. § 13-1019

Known as the Canal Place Preservation and Development Authority Act

The act spans §§ 13–13 (32 sections).

The bonds of any issue shall be payable solely from the property or receipts of the Authority, including, without limitation:

(1) Fees, charges, or other revenues payable to the Authority;

(2) Payments by financial institutions, insurance companies, or others pursuant to letters or lines of credit, policies of insurance, or purchase agreements;

(3) Investment earnings from funds or accounts maintained pursuant to a bond resolution or trust agreement;

(4) Proceeds of refunding bonds; and

(5) Any other source authorized by law.

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