(a) A bond or note issued under this part:
(1) is not a debt of and does not pledge the faith, credit, or taxing power of the State, the Administration, or a political subdivision; but
(2) is payable only from the revenues and property provided for in this subtitle.
(b) Each bond or note shall state on its face the provisions of subsection (a) of this section.
Structure Maryland Statutes
Housing and Community Development
Division I - Housing and Community Programs
Title 4 - Division of Development Finance
Subtitle 2 - Community Development Administration
Part V - Development Expenditures; Administration Bonds and Notes
Section 4-244 - Powers of Administration
Section 4-245 - Authority to Borrow Money and Issue Bonds or Notes
Section 4-246 - Renewal and Refunding
Section 4-247 - Trust Agreement
Section 4-248 - Repayment; Lien
Section 4-249 - Repurchase; Redemption
Section 4-250 - Bond or Note of Administration -- Legal Status
Section 4-251 - Bonds and Notes Not State Debts