Maryland Code, HOUSING AND COMMUNITY DEVELOPMENT 3-204

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state: means :

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

(2) the District of Columbia. See

Insurance, a guarantee, or other credit enhancement provided under this subtitle:

(1) does not pledge the faith, credit, or taxing power of the State or the Department; and

(2) is payable only to the extent of the reserve or other identified money backing the insurance, guarantee, or credit enhancement.