Maryland Code, HOUSING AND COMMUNITY DEVELOPMENT 12-701
Terms Used In Maryland Code, HOUSING AND COMMUNITY DEVELOPMENT 12-701
- including: means includes or including by way of illustration and not by way of limitation. See
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
- state: means :
(1) a state, possession, territory, or commonwealth of the United States; or
(2) the District of Columbia. See
(1) issue bonds for any of its corporate purposes;
(2) issue refunding bonds to pay or retire its bonds; and
(3) issue any kinds of bonds, including bonds on which the principal and interest are payable:
(i) only from the income and revenues of the housing project financed with the proceeds of the bonds or with these proceeds and a grant from the State or federal government in aid of the housing project;
(ii) only from the income and revenues of designated housing projects whether or not they were financed wholly or partly with the proceeds of the bonds; or
(iii) from its revenues generally.
(b) To secure any of its bonds, an authority may pledge any revenue or mortgage a housing project or other property of the authority.