Maryland Statutes
Subtitle 5 - Maryland Agricultural and Resource-Based Industry Development Corporation
Section 10-519 - Project Financing

(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.

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