§ 1817. Application of subtitle. Subject to the provisions of sections eighteen hundred twenty-two and eighteen hundred twenty-three of this title, the authority shall have the power and is hereby authorized to make loans with pollution control funds pursuant to this subtitle to local development corporations for costs of projects located in any area of […]
§ 1818. Pollution control bonds and notes. 1. The authority shall have the power and is hereby authorized to issue at one time or in series from time to time (a) pollution control bonds in the aggregate principal amount of not exceeding seventy-five million dollars, excluding pollution control bonds issued to refund outstanding pollution control […]
§ 1819. State not liable on pollution control bonds and notes. The state shall not be liable on pollution control bonds and notes of the authority, and such bonds and notes shall contain on the face thereof a statement to that effect.
§ 1820. Pollution control funds. 1. The following shall constitute pollution control funds of the authority and shall be kept separate and apart from all other funds of the authority: (a) the proceeds of sale of pollution control bonds and notes (b) any moneys appropriated and made available by the state for the purposes of […]
§ 1821. Rate of interest to project occupant. Any loan made by the authority pursuant to this subtitle to a local development corporation for a project shall bear interest at such rate as the authority may determine but such rate shall not be less than the average annual net interest cost to the authority, as […]
