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Section 10-629 - Payment of Bonds — Maryland Law | CourtGPT
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  9. Section 10-629 - Payment of Bonds
Maryland Legal Code

Section 10-629 - Payment of Bonds

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(a) The Authority shall pay the bonds issued in accordance with this part only from the property or receipts of the Authority. (b) Property and receipts of the Authority include: (1) taxes, fees, charges, or other revenues payable to the Authority; (2) payments in accordance with letters of credit, lines of credit, insurance policies, or purchase agreements; (3) investment earnings from funds or accounts maintained in accordance with a bond resolution or trust agreement; (4) the proceeds of refunding bonds; and (5) any other source authorized by law.