§ 10-821.1
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/md/economic-development/10-821-1A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§10–821.1.
(a)The Center may enter into financing transactions with, on behalf of, or for the benefit of any State agency for the purposes of a project on State–owned or State–leased property.
(b)Financing under this section:
(1)may be in any form, including bonds, loans, grants, energy performance contracts, shared energy savings contracts, participation agreements, lease agreements, and reimbursement agreements; but
(2)may not pledge the faith and credit of the State.
(c)The Department of General Services and the Department of Budget and Management shall work with the Center to ensure that financing transactions under this section are efficient and cost–effective for the State.