(a) 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 under a bond resolution or trust agreement;
(4) Proceeds of refunding bonds; and
(5) Any other source authorized by law.
(b) The bonds do not constitute a debt, liability, or pledge of full faith and credit of the State and may not be deemed to constitute a debt, liability, or pledge of the full faith and credit of the State.
Structure Maryland Statutes
Title 13 - State-Operated Financial Programs
Section 13-1116 - Bonds Payable From Receipts of Authority
Section 13-1117 - Requirements of Bonds Issued
Section 13-1118 - Resolutions or Trust Agreements
Section 13-1119 - Pledge of Revenues as Security for Issue of Bonds
Section 13-1121 - Refunding Bonds
Section 13-1122 - Agreements to Enhance Marketability or to Provide Security; Investments in Bonds