(a) The revenue bonds, notes, and other evidences of obligation issued under this subtitle are not and may not be considered to constitute a debt or a pledge of the faith and credit of the State of Maryland, but shall be payable only from the funds from or revenues provided by this subtitle for that purpose.
(b) All revenue bonds, notes, and other evidences of obligation issued under this subtitle shall contain a statement on their face to the effect that:
(1) This State is not obligated to pay the principal of or the interest on them except from revenues; and
(2) Neither the faith and credit nor the taxing power of this State is pledged to the payment of the principal of or the interest on them.
Structure Maryland Statutes
Subtitle 3 - Financing of Projects
Section 4-301 - General Power to Borrow Money and Issue Evidences of Obligation
Section 4-302 - Power to Issue Revenue Bonds and Determine Related Matters
Section 4-303 - Execution of Bonds
Section 4-304 - Bonds and Other Evidences of Obligation Are Investment Securities
Section 4-305 - Exemption From 8-206 and 8-208 of State Finance and Procurement Article
Section 4-306 - Other Approval Not Required; Exceptions
Section 4-307 - Additional Bonds
Section 4-308 - Revenue Refunding Bonds
Section 4-309 - Interim Certificates and Temporary Bonds
Section 4-310 - Bond Anticipation Notes
Section 4-311 - Trust Agreement Securing Bonds
Section 4-311.1 - Vehicle Parking Facility Financing
Section 4-312 - Charges for Transportation Facilities Projects
Section 4-312.1 - Elimination of Ramp Tolls on Kennedy Highway in Harford and Cecil Counties
Section 4-313 - Transportation Authority Fund
Section 4-314 - Construction of Subtitle
Section 4-316 - Remedies of Bondholder and Trustee
Section 4-317 - Bonds and Other Evidences of Obligation Are Legal Investments
Section 4-318 - Exemption From Taxation
Section 4-319 - Full Faith and Credit Not Pledged