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§ 5-407. Pledge of State’s faith and credit prohibited; liability of members

West's Annotated Code of MarylandEnvironment

West's Annotated Code of Maryland
Environment
Title 5. Water Resources (Refs & Annos)
Subtitle 4. Maryland Potomac Water Authority
MD Code, Environment, § 5-407
§ 5-407. Pledge of State’s faith and credit prohibited; liability of members
Except as provided in § 5-408(c) of this subtitle, the Authority may not pledge the faith and credit of the State, nor create any debt or obligation of the State. If any pledge, debt, or obligation is created, it is invalid. The members of the Authority are not liable as individuals for any contract made on behalf of the Authority.

Credits

Added by Acts 1973, 1st Sp. Sess., c. 4, § 1. Renumbered from Natural Resources § 8-507 by Acts 1995, c. 488, § 1, eff. July 1, 1995. Amended by Acts 1995, c. 488, § 16, eff. July 1, 1995.
Formerly Art. 96A, § 95.
MD Code, Environment, § 5-407, MD ENVIR § 5-407
Current with all legislation from the 2023 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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