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Section 13-1019 - Bonds Payable From Receipts of Authority — Maryland Law | CourtGPT
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  8. Section 13-1019 - Bonds Payable From Receipts of Authority
Maryland Legal Code

Section 13-1019 - Bonds Payable From Receipts of Authority

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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.