(a) The Corporation may:
(1) lend or otherwise make available the proceeds of bonds to a person to finance costs of a project; and
(2) enter into financing agreements, mortgages, and other instruments that it determines are necessary or desirable to evidence or secure the loan.
(b) (1) The lease for a project may require or authorize the lessee or another person to purchase or otherwise acquire the property for consideration that the Corporation establishes, when:
(i) the principal of and interest on the bonds that financed the cost of the project are paid; or
(ii) provision satisfactory to the Corporation is made for their payment.
(2) Consideration required under paragraph (1) of this subsection may be nominal.
Structure Maryland Statutes
Division II - Independent and Regional Development Units and Resources
Title 10 - Statewide Development Resources and Revenue Authorities
Subtitle 1 - Maryland Economic Development Corporation
Section 10-102 - Construction of Subtitle
Section 10-103 - Scope of Subtitle
Section 10-104 - Legislative Findings; Purposes; Intent
Section 10-106 - Board of Directors
Section 10-108 - Quorum; Meetings
Section 10-109 - Executive Director
Section 10-110 - Staff; Consultants
Section 10-111 - Applicability of Laws
Section 10-112 - Findings of Board
Section 10-113 - Accounting; Fiscal Year
Section 10-114 - Money of Corporation
Section 10-115 - Powers -- in General
Section 10-116 - Powers -- Projects
Section 10-117 - Powers -- Debt
Section 10-118 - Bonds -- in General
Section 10-119 - Bonds -- Legal Investments
Section 10-120 - Bonds -- Liability; Full Faith and Credit
Section 10-121 - Bonds -- Trust Agreement
Section 10-122 - Bonds -- Investment of Proceeds
Section 10-123 - Bonds -- Refunding Bonds
Section 10-124 - Bonds -- Enforcement of Rights and Duties
Section 10-125 - Project Financing
Section 10-126 - Rates and Charges
Section 10-128 - Transfer of Real Property
Section 10-130 - Dorchester County Economic Development Fund