§ 10-840. General authorization
West's Annotated Code of MarylandEconomic DevelopmentEffective: October 1, 2008
West's Annotated Code of Maryland
Economic Development (Refs & Annos)
Division II. Independent and Regional Development Units and Resources [Titles 9-End] (Refs & Annos)
Title 10. Statewide Development Resources and Revenue Authorities (Refs & Annos)
Subtitle 8. Maryland Clean Energy Center (Refs & Annos)
Part IV. Bonds (Refs & Annos)
Effective: October 1, 2008
MD Code, Economic Development, § 10-840
§ 10-840. General authorization
(a)(1) The Center may periodically:
(b)(1) Except as otherwise provided by the Center, each issue of its bonds is a general obligation of the Center payable from any revenues or money of the Center that are available and not otherwise pledged.
(c) For each issue of its bonds, the Center shall pass a resolution that:
(d) Subject to any provision for their registration, bonds are negotiable instruments for all purposes regardless of whether they are payable from a special fund.
(e)(1) The bonds may be:
(f) The bonds may be sold by competitive or negotiated sale at a price determined by the Center.
(g) Pending preparation of the definitive bonds, the Center may issue interim receipts or certificates that will be exchanged for definitive bonds.
(h)(1) A trust agreement authorizing bonds may contain provisions that are part of the contract with the bondholders.
Credits
Added by Acts 2008, c. 137, § 1, eff. Oct. 1, 2008.
MD Code, Economic Development, § 10-840, MD ECON DEV § 10-840
Current through legislation effective through May 9, 2024, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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