Section 13-1017 – Canal Place Preservation and Development Authority Financing Fund
(a) There is a Canal Place Preservation and Development Authority Financing Fund. (b) The Authority shall use the Fund as a continuing, nonlapsing, revolving fund for carrying out the purposes of this subtitle. No part of the Fund may revert or be credited to the General Fund or to any other special fund of the State. (c) The […]
Section 13-1103 – Authority Established
(a) There is a Maryland Heritage Areas Authority, established as: (1) A body corporate and politic; and (2) An instrumentality of the State. (b) The Authority is an independent unit of government in the Executive Branch of government that operates in the Department of Planning. (c) The exercise by the Authority of the powers conferred by this subtitle is the […]
Section 13-1018 – Bond Issues
(a) Subject to this part, the Authority may at any time and from time to time issue bonds for any corporate purpose, including the establishment of reserves and the payment of interest. (b) The Authority: (1) Shall by resolution authorize any bonds that it issues; and (2) May secure the bonds by a trust agreement between the Authority and […]
Section 13-1104 – Membership
(a) The Authority consists of: (1) The Secretary of Housing and Community Development; (2) The Secretary of Commerce; (3) The Secretary of Higher Education; (4) The Secretary of Transportation; (5) The Secretary of Natural Resources; (6) The Secretary of the Department of Planning; (7) The State Historic Preservation Officer; and (8) Ten members appointed by the Governor with the advice and consent of the […]
Section 13-1019 – Bonds Payable From Receipts of Authority
The bonds of any issue shall be payable solely from the property or receipts of the Authority, including, without limitation: (1) Fees, charges, or other revenues payable to the Authority; (2) Payments by financial institutions, insurance companies, or others pursuant to letters or lines of credit, policies of insurance, or purchase agreements; (3) Investment earnings from funds or […]
Section 13-1020 – Requirements of Bonds Issued
The bonds that the Authority issues shall: (1) Be issued at, above, or below par value, for cash or other valuable consideration, and mature at a time or times, whether as serial bonds or as term bonds or both, not exceeding the maturity date established by the Authority; (2) Bear interest at the fixed or variable rate […]
Section 13-1021 – Resolutions or Trust Agreements
(a) Any resolution or trust agreement the Authority adopts or enters into under § 13-1018(b) of this subtitle may contain provisions that: (1) Pledge, assign, or direct the use, investment, or disposition of all or a portion of the receipts of the Authority or all or a portion of the proceeds or benefits of any contract and […]
Section 13-1022 – Pledge of Revenues as Security for Issue of Bonds
(a) A pledge by the Authority of revenues as security for an issue of bonds shall be valid and binding from the time when the documents evidencing the pledge are executed by the Authority. (b) (1) The revenues that the Authority pledges are immediately subject to the lien of the pledge without any physical delivery or further act. […]
Section 13-1023 – Liability; Enforcement of Rights
(a) No member of the Authority nor any person executing the bonds shall be liable personally on the bonds or subject to any personal liability by reason of the issuance of the bonds. (b) Except as otherwise provided by an applicable resolution or trust agreement, a holder of bonds issued under this subtitle, or a trustee acting […]
Section 13-1008.1 – Motor Vehicle Parking Regulations
(a) The Authority may adopt and enforce regulations for the parking of motor vehicles in and on any facilities or property the Authority owns or controls. (b) The regulations shall: (1) Be reasonably necessary for the efficient operation of facilities or property owned or controlled by the Authority; (2) Provide for a uniform system for accessible parking for individuals […]