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Terms Used In Maryland Code, ECONOMIC DEVELOPMENT 11-319

  • County: means a county of the State or Baltimore City. See
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • state: means :

    (1) a state, possession, territory, or commonwealth of the United States; or

    (2) the District of Columbia. See
An obligation of the authority is not a debt, liability, or pledge of the full faith and credit of the State or any county.