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Section 10-519 - Project Financing — Maryland Law | CourtGPT
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  8. Section 10-519 - Project Financing
Maryland Legal Code

Section 10-519 - Project Financing

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(a) The Corporation may: (1) lend or otherwise make available the proceeds of its bonds to a person to finance costs of a project; and (2) enter into a financing agreement, mortgage, or other instrument that it determines is necessary or desirable to evidence or secure the loan. (b) (1) A lease for a project may require or authorize the lessee or another person to purchase or otherwise acquire the project for consideration, that the Corporation establishes, on: (i) payment of the principal of and interest on the bonds that financed the cost of the project; or (ii) other provision for payment satisfactory to the Corporation. (2) Consideration required under paragraph (1) of this subsection may be nominal.