Except as necessary to pay debt service or implement the public purposes or programs of the incorporating local government, the net earnings of a Resilience Authority may benefit only the incorporating local government and may not benefit any person.
Structure Maryland Statutes
Title 22 - Resilience Infrastructure
Section 22-103 - Appointment or Hire of Officers and Employees -- Personnel Matters
Section 22-104 - Use of Net Earnings
Section 22-105 - Powers of Resilience Authority
Section 22-106 - Issuance and Sale of Bonds by Resilience Authority
Section 22-107 - Resolution by Resilience Authority on Bond Issue
Section 22-108 - Exemption From State and Local Taxes -- Payment in Bonds
Section 22-109 - Findings Conclusive as to Public Purpose
Section 22-110 - Repayment of Bonds and Support of Operations
Section 22-111 - Authority Established by Multiple Counties or Municipalities
Section 22-112 - Authority Established by Multiple Local Governments -- Tax Levy Authorized