reglab/housing_qa huggingface dataset:
MD. Economic Development Code Ann. §  10-320 (2021)
2021 Maryland Statutes|Economic Development|Division II - Independent and Regional Development Units and Resources|Title 10 - Statewide Development Resources and Revenue Authorities|Subtitle 3 - Maryland Health and Higher Educational Facilities Authority|Part II - Maryland Health and Higher Educational Facilities Authority|Section 10-320 - Termination

    (a)    A law to terminate the Authority may not take effect until adequate provision is made to pay each outstanding bond and other obligation of the Authority.    (b)    On termination of the Authority, its rights and property pass to the State.
MD. Economic Development Code Ann. §  10-324 (2021)
2021 Maryland Statutes|Economic Development|Division II - Independent and Regional Development Units and Resources|Title 10 - Statewide Development Resources and Revenue Authorities|Subtitle 3 - Maryland Health and Higher Educational Facilities Authority|Part III - Bonds|Section 10-324 - Trust Agreement

    (a)    The Authority may secure bonds by a trust agreement.    (b)    The corporate trustee under a trust agreement may be a trust company or a bank that has the powers of a trust company in or outside the State.    (c)    In addition to the provisions described in § 10–323(h) of this subtitle, the trust agreement may contain:        (1)    either:            (i)    a provision conveying or mortgaging all or a portion of the project; or            (ii)    a provision creating a collateral account;        (2)    other provisions that the Authority considers reasonable and proper for the security of bondholders; and        (3)    a provision that restricts the individual right of action by bondholders.    (d)    An expense incurred in carrying out the trust agreement or a resolution may be treated as part of the cost of the operation of a project.
MD. Economic Development Code Ann. §  10-325 (2021)
2021 Maryland Statutes|Economic Development|Division II - Independent and Regional Development Units and Resources|Title 10 - Statewide Development Resources and Revenue Authorities|Subtitle 3 - Maryland Health and Higher Educational Facilities Authority|Part III - Bonds|Section 10-325 - Legal Investments

    Bonds are securities:         (1)    in which any of the following persons may legally and properly invest money, including capital that the person owns or controls:            (i)    an officer or unit of the State or a political subdivision;            (ii)    a bank, trust company, savings and loan association, investment company, or other person conducting a banking business;            (iii)    an insurance company, insurance association, or other person conducting an insurance business;            (iv)    a personal representative, guardian, trustee, or other fiduciary; and            (v)    any other person; and        (2)    that may be deposited with and received by a unit of the State or a political subdivision for any purpose for which the deposit of bonds or obligations of the State is authorized by law.
MD. Economic Development Code Ann. §  10-326 (2021)
2021 Maryland Statutes|Economic Development|Division II - Independent and Regional Development Units and Resources|Title 10 - Statewide Development Resources and Revenue Authorities|Subtitle 3 - Maryland Health and Higher Educational Facilities Authority|Part III - Bonds|Section 10-326 - Liability; Full Faith and Credit

    (a)    A bond:        (1)    is not a debt, liability, or a pledge of the faith and credit of the State or a political subdivision of the State; and        (2)    is payable solely from money available in accordance with this subtitle.    (b)    Each bond shall state on its face that:        (1)    the State and its political subdivisions are not obliged to pay the bond or the interest on the bond except from revenues of the project or the portion of the project for which the bond is issued; and        (2)    the faith, credit, and taxing power of the State and its political subdivisions are not pledged to pay the principal of or the interest on the bond.    (c)    The issuance of bonds does not directly, indirectly, or contingently obligate the State or its political subdivisions:        (1)    to levy or pledge a tax to pay the bonds; or        (2)    to make an appropriation to pay the bonds.    (d)    This section does not prevent the Authority or a participating institution from pledging its full faith and credit to pay bonds.
MD. Economic Development Code Ann. §  10-327 (2021)
2021 Maryland Statutes|Economic Development|Division II - Independent and Regional Development Units and Resources|Title 10 - Statewide Development Resources and Revenue Authorities|Subtitle 3 - Maryland Health and Higher Educational Facilities Authority|Part III - Bonds|Section 10-327 - Rates, Rents, Fees and Charges

    (a)    The Authority may:        (1)    fix and collect rates, rents, fees, and charges for the use of a project and for the services furnished or to be furnished by a project; and        (2)    contract with a person or governmental entity to exercise its authority under this section.    (b)    The rates, rents, fees, and charges established by the Authority under this section shall be fixed and adjusted so that the aggregate amount of the rates, rents, fees, and charges from the project, when added to other available money, is sufficient to:        (1)    pay for maintaining, repairing, and operating the project;        (2)    pay the principal of and the interest on the bonds that the Authority issued for the project as they become due and payable; and        (3)    create and maintain reserves required or provided for in a trust agreement.    (c)    The rates, rents, fees, and charges established by the Authority under this section are not subject to supervision or regulation by any unit of the State other than the Authority.
MD. Economic Development Code Ann. §  10-328 (2021)
2021 Maryland Statutes|Economic Development|Division II - Independent and Regional Development Units and Resources|Title 10 - Statewide Development Resources and Revenue Authorities|Subtitle 3 - Maryland Health and Higher Educational Facilities Authority|Part III - Bonds|Section 10-328 - Sinking Fund -- Established

    (a)    (1)    The Authority shall set aside a sufficient amount of the revenues derived from a project in a sinking fund or other similar fund at regular intervals to the extent required in the trust agreement.        (2)    The sinking fund is pledged to pay:            (i)    the principal of and the interest on the bonds as they become due; and            (ii)    the redemption or purchase price of bonds retired by call or purchase as specified in the trust agreement.        (3)    To the extent provided in the trust agreement, the Authority may exclude from the amount to be deposited in the sinking fund the revenues that may be necessary:            (i)    to pay for project maintenance, repair, and operation;            (ii)    for reserves; and            (iii)    for improvements to the project.    (b)    (1)    The pledge of revenues under subsection (a) of this section is valid and binding from the time the pledge is made.        (2)    (i)    The rates, rents, charges, fees, and other revenue or money that the Authority pledges and receives are subject immediately to the lien of the pledge.            (ii)    Neither physical delivery of the rates, rents, charges, fees, and other revenue or money nor any other act is required to validate the lien.        (3)    The lien of the pledge is valid and binding against each party with a claim against the Authority in tort, contract, or otherwise, regardless of whether the party has notice of the lien.    (c)    The trust agreement and any other agreement or lease creating a pledge under this section need not be filed or recorded, except in the records of the Authority.
MD. Economic Development Code Ann. §  10-329 (2021)
2021 Maryland Statutes|Economic Development|Division II - Independent and Regional Development Units and Resources|Title 10 - Statewide Development Resources and Revenue Authorities|Subtitle 3 - Maryland Health and Higher Educational Facilities Authority|Part III - Bonds|Section 10-329 - Sinking Fund -- Nature and Application

    A sinking fund:        (1)    may be held:            (i)    for all of the bonds issued to finance projects at a particular participating institution without distinction or priority of one bond over another bond;            (ii)    for a particular project and for the bonds issued for that project; and            (iii)    for bonds having a lien subordinate to the lien securing other bonds; and        (2)    shall be subject to the trust agreement.
MD. Economic Development Code Ann. §  10-330 (2021)
2021 Maryland Statutes|Economic Development|Division II - Independent and Regional Development Units and Resources|Title 10 - Statewide Development Resources and Revenue Authorities|Subtitle 3 - Maryland Health and Higher Educational Facilities Authority|Part III - Bonds|Section 10-330 - Use of Bond Proceeds and Revenues

    (a)    Proceeds from the sale of bonds and other revenues received under this subtitle are trust funds to be held and applied solely as provided in this subtitle.    (b)    (1)    Each officer, bank, or trust company that receives money from the Authority under this subtitle shall act as trustee of the money and shall hold and apply the money for the purposes specified under this subtitle.        (2)    The officer, bank, or trust company holding money is subject to:            (i)    any regulation adopted under this subtitle; and            (ii)    the trust agreement securing the bonds.
MD. Economic Development Code Ann. §  10-331 (2021)
2021 Maryland Statutes|Economic Development|Division II - Independent and Regional Development Units and Resources|Title 10 - Statewide Development Resources and Revenue Authorities|Subtitle 3 - Maryland Health and Higher Educational Facilities Authority|Part III - Bonds|Section 10-331 - Refunding Bonds -- in General

    (a)    (1)    The Authority may issue bonds to refund outstanding bonds of the Authority, including paying:            (i)    any redemption premium;            (ii)    interest accrued or to accrue to the date of redemption, purchase, or maturity of the bonds; and            (iii)    if considered advisable by the Authority, any part of the cost of acquiring or improving a project.        (2)    Refunding bonds may be issued for any corporate purpose, including:            (i)    realizing savings in the effective costs of debt service, directly or through a debt restructuring; or            (ii)    alleviating a potential or actual default.    (b)    A refunding bond that the Authority issues under this section shall be issued in the same manner and is subject to this subtitle to the same extent as any other bond.    (c)    (1)    The Authority may issue refunding bonds in one or more series in an amount greater than the amount of the bonds to be refunded.        (2)    (i)    In addition to other sources of payment that the Authority determines, refunding bonds may be payable from escrowed bond proceeds and earnings and profits on investments.            (ii)    Escrowed bond proceeds and earnings and profits on investments used under subparagraph (i) of this paragraph constitute revenues of a project under this subtitle.
MD. Economic Development Code Ann. §  10-332 (2021)
2021 Maryland Statutes|Economic Development|Division II - Independent and Regional Development Units and Resources|Title 10 - Statewide Development Resources and Revenue Authorities|Subtitle 3 - Maryland Health and Higher Educational Facilities Authority|Part III - Bonds|Section 10-332 - Refunding Bonds -- Application of Bond Proceeds

    (a)    The Authority may apply the proceeds of refunding bonds to the purchase, retirement at maturity, or redemption of outstanding bonds on the earliest or a subsequent redemption date for those bonds.    (b)    The Authority may place proceeds of refunding bonds in escrow before applying the proceeds to refund bonds.
MD. Economic Development Code Ann. §  10-333 (2021)
2021 Maryland Statutes|Economic Development|Division II - Independent and Regional Development Units and Resources|Title 10 - Statewide Development Resources and Revenue Authorities|Subtitle 3 - Maryland Health and Higher Educational Facilities Authority|Part III - Bonds|Section 10-333 - Refunding Bonds -- Investment or Reinvestment in United States Obligations

    (a)    Pending their use in accordance with this subtitle, proceeds of bonds issued under § 10-331 of this subtitle may be invested in:        (1)    obligations of or guaranteed by the United States; or        (2)    certificates of deposit or time deposits secured by obligations of or guaranteed by the United States.    (b)    (1)    Bond proceeds placed in escrow under subsection (a) of this section shall mature at such time or times as the Authority considers appropriate to assure the prompt payment of principal, interest, and redemption premium, if any, on the bonds that are to be refunded.        (2)    The instruments in which the Authority invests proceeds of bonds issued for all or part of the cost of improvement or acquisition of a project shall mature soon enough to pay the cost of the improvement or acquisition.    (c)    (1)    The Authority may apply the interest, income, and profit from the investments described in subsection (a) of this section:            (i)    to pay the bonds that are to be refunded; or            (ii)    to pay the costs of acquiring or improving a project.        (2)    After the terms of escrow are satisfied, the balance of the refunding bond proceeds, interest, income, and profit, if any, may be returned to the Authority for use by it in any lawful manner.
MD. Economic Development Code Ann. §  10-334 (2021)
2021 Maryland Statutes|Economic Development|Division II - Independent and Regional Development Units and Resources|Title 10 - Statewide Development Resources and Revenue Authorities|Subtitle 3 - Maryland Health and Higher Educational Facilities Authority|Part III - Bonds|Section 10-334 - Bond Anticipation Notes

    (a)    The Authority may issue negotiable bond anticipation notes in anticipation of the sale of bonds for any corporate purpose.    (b)    Bond anticipation notes issued under this section shall be issued in the same manner as bonds.    (c)    Bond anticipation notes issued under this section and the resolution authorizing them may contain any provisions, conditions, or limitations that may be included in a trust agreement.    (d)    The Authority may issue bond anticipation notes to pay any other bond anticipation notes.    (e)    Bond anticipation notes shall be paid from:        (1)    revenues of the Authority;        (2)    money available and not otherwise pledged; or        (3)    the proceeds of the sale of the bonds in anticipation of which the notes were issued.
MD. Economic Development Code Ann. §  10-335 (2021)
2021 Maryland Statutes|Economic Development|Division II - Independent and Regional Development Units and Resources|Title 10 - Statewide Development Resources and Revenue Authorities|Subtitle 3 - Maryland Health and Higher Educational Facilities Authority|Part III - Bonds|Section 10-335 - Title Conveyance; Release of Security

    (a)    The Authority shall convey title to a project and release collateral in accordance with this section when the following conditions are met:        (1)    (i)    the principal of and interest on bonds issued to finance the project, including any refunding bonds, have been fully paid and retired; or            (ii)    adequate provision has been made to fully pay and retire the bonds;        (2)    all other conditions of the trust agreement have been satisfied; and        (3)    the lien of the trust agreement has been released.    (b)    On satisfaction of the conditions under subsection (a) of this section, the Authority promptly shall execute any deeds, conveyances, releases, and documents and take any other action necessary to convey title to the project to the participating institution and release collateral free of all liens and encumbrances created through the Authority.
MD. Economic Development Code Ann. §  10-336 (2021)
2021 Maryland Statutes|Economic Development|Division II - Independent and Regional Development Units and Resources|Title 10 - Statewide Development Resources and Revenue Authorities|Subtitle 3 - Maryland Health and Higher Educational Facilities Authority|Part III - Bonds|Section 10-336 - Enforcement Authority

    (a)    A bondholder, a holder of any coupons attached to bonds, or a trustee under a trust agreement securing the bonds may sue to:        (1)    protect and enforce rights under the laws of the State or a trust agreement; and        (2)    enforce and compel the performance of duties by the Authority or its officer, employee, or agent that this subtitle or a trust agreement requires, including fixing and collecting rates, rents, fees, and charges that the trust agreement requires to be fixed and collected.    (b)    The rights under this section are subject to any trust agreement.
MD. Economic Development Code Ann. §  10-337 (2021)
2021 Maryland Statutes|Economic Development|Division II - Independent and Regional Development Units and Resources|Title 10 - Statewide Development Resources and Revenue Authorities|Subtitle 3 - Maryland Health and Higher Educational Facilities Authority|Part III - Bonds|Section 10-337 - Tax Status

    (a)    The Authority, its agent, or its lessee is not required to pay a tax or assessment on:        (1)    a project or property that it acquires or uses under this subtitle; or        (2)    the income from that project or property.    (b)    The principal of and interest on bonds, the transfer of bonds, and any income derived from the bonds, including profits made in their sale or transfer, are forever exempt from all State and local taxes.
MD. Economic Development Code Ann. §  10-340 (2021)
2021 Maryland Statutes|Economic Development|Division II - Independent and Regional Development Units and Resources|Title 10 - Statewide Development Resources and Revenue Authorities|Subtitle 3 - Maryland Health and Higher Educational Facilities Authority|Part IV - Maryland Hospital Bond Program|Section 10-340 - Definitions

    (a)    In this part the following words have the meanings indicated.    (b)    “Affiliate” means a person that directly or indirectly, through one or more intermediaries, controls, is controlled by, or is under common control with another person.    (c)    (1)    “Closure cost” means costs incurred in connection with the closure or delicensing of a hospital.        (2)    “Closure cost” includes expenses of operating a hospital, payments to employees, employee benefits, fees of consultants, insurance, security services, utilities, legal fees, capital costs, costs of terminating contracts with vendors, suppliers of goods and services and others, debt service, contingencies, and other necessary or appropriate costs and expenses.    (d)    “Control” means the direct or indirect possession of the power to direct or cause the direction of the management and policies of a person through equity interest, membership interest, or contract other than a commercial contract for goods or nonmanagement services, or otherwise, whether or not the power is exercised or sought to be exercised.    (e)    “Hospital” means an institution defined as a hospital under § 19–301 of the Health – General Article and that is licensed as a hospital by the Secretary of Health under § 19–318 of the Health – General Article.    (f)    “Program” means the Maryland Hospital Bond Program under this part.    (g)    (1)    “Public obligation” means a bond, note, evidence of indebtedness, or other obligation, to repay borrowed money issued by the Authority, the State, a unit, instrumentality, or public corporation of the State, a governmental entity described in § 19–205(a) of the Local Government Article, a county, or a municipal corporation.        (2)    “Public obligation” does not include an obligation, or portion of an obligation, if:            (i)    the principal of and interest on the obligation or the portion of the obligation is:                1.    insured by an effective municipal bond insurance policy; and                2.    issued on behalf of a hospital that voluntarily closed in accordance with § 19–120(l) of the Health – General Article; and            (ii)    the proceeds of the obligation or the portion of the obligation are used to finance wholly or partly:                1.    a facility or part of a facility that is used primarily to provide outpatient services at a location other than the hospital; or                2.    a facility or part of a facility that is used primarily by physicians who are not employees of the hospital to provide services to nonhospital patients.
MD. Economic Development Code Ann. §  10-341 (2021)
2021 Maryland Statutes|Economic Development|Division II - Independent and Regional Development Units and Resources|Title 10 - Statewide Development Resources and Revenue Authorities|Subtitle 3 - Maryland Health and Higher Educational Facilities Authority|Part IV - Maryland Hospital Bond Program|Section 10-341 - Scope of Part

    This part applies to:         (1)    the closure of a hospital under § 19-120(l) of the Health - General Article; and        (2)    the delicensure of a hospital under § 19-325 of the Health - General Article.
MD. Economic Development Code Ann. §  10-342 (2021)
2021 Maryland Statutes|Economic Development|Division II - Independent and Regional Development Units and Resources|Title 10 - Statewide Development Resources and Revenue Authorities|Subtitle 3 - Maryland Health and Higher Educational Facilities Authority|Part IV - Maryland Hospital Bond Program|Section 10-342 - Legislative Finding; Purpose; Intent

    (a)    The General Assembly finds that the failure to provide for the payment of public obligations of a closed or delicensed hospital could seriously impair the ability of health care facilities and State and local governments to secure subsequent financing through the issuance of tax-exempt bonds.    (b)    The purpose of this part is to preserve the access of health care facilities in the State to adequate financing through a program that facilitates the refinancing and payment of public obligations of a closed or delicensed hospital.    (c)    It is the intent of this part that the Health Services Cost Review Commission, the Maryland Health Care Commission, and the Authority shall consult with and consider each others’ recommendations in making the determinations required under this part.