§ 10-349
152 words·~1 min read·
/md/economic-development/10-349A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§10–349.
(a)The Authority may issue bonds to finance or otherwise provide for the payment of public obligations or closure costs of a hospital in accordance with a plan developed under § 10-348 of this subtitle.
(b)The bonds issued under subsection
(a)of this section shall:
(1)be payable from the fees provided under § 10-350 of this subtitle or from other sources provided in the plan;
(2)be authorized, sold, executed, and delivered in accordance with this subtitle; and
(3)have terms consistent with constitutional and other legal requirements.
(c)In connection with the issuance of any bond, the Authority may assign its rights under a loan, lease, or other financing agreement between the Authority or any other issuer of a public obligation and the closed or delicensed hospital to the State or a State unit in consideration for the payment of a public obligation as provided in this part.