Public-domain · open source
OpenJurist

Md. Code Ann., Fin. Inst. § 13-1019

Known as the Canal Place Preservation and Development Authority Act

The act spans §§ 13-1001 to 13-1031 (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.