Md. Code, EC§ 5-460

Current with changes from the 2024 Legislative Session
Section 5-460 - State not liable
(a) A fixed asset financing loan assisted by a linked deposit is not a debt of the State or a pledge of the credit of the State.
(b) The Authority and, in accordance with § 5-521 of the Courts Article, the Department and the State are not liable to a lender for payment of the principal or interest on a fixed asset financing loan assisted by a linked deposit under this part.

Md. Code, EC§ 5-460