reglab/housing_qa huggingface dataset:
MD. Economic Development Code Ann. §  10-508 (2021)
2021 Maryland Statutes|Economic Development|Division II - Independent and Regional Development Units and Resources|Title 10 - Statewide Development Resources and Revenue Authorities|Subtitle 5 - Maryland Agricultural and Resource-Based Industry Development Corporation|Section 10-508 - Applicability of Other Laws

    (a)    The Corporation is exempt from:        (1)    Title 10 and Division II of the State Finance and Procurement Article;        (2)    laws governing the State Personnel Management System under Division I of the State Personnel and Pensions Article; and        (3)    §§ 19–205 and 19–206 of the Local Government Article (Conditions upon Sale of Public Securities).    (b)    (1)    The Corporation is subject to the Public Information Act.        (2)    The Corporation is exempt from the Open Meetings Act.    (c)    The Board and employees of the Corporation are subject to the Public Ethics Law.
MD. Economic Development Code Ann. §  10-509 (2021)
2021 Maryland Statutes|Economic Development|Division II - Independent and Regional Development Units and Resources|Title 10 - Statewide Development Resources and Revenue Authorities|Subtitle 5 - Maryland Agricultural and Resource-Based Industry Development Corporation|Section 10-509 - Powers -- in General

    The Corporation may:         (1)    adopt bylaws for the conduct of its business;        (2)    adopt a seal;        (3)    maintain an office at a place it designates in the State;        (4)    accept loans, grants, or financial and technical assistance in any form from the federal or State government, local governments, colleges or universities, or a private source;        (5)    enter into contracts and other legal instruments;        (6)    sue or be sued;        (7)    acquire, purchase, hold, lease as a lessee, and use any franchise, patent, or license and real, personal, mixed, or tangible or intangible property, or any interest in property;        (8)    own, improve, sell, lease as a lessor, transfer, license, assign, encumber, and dispose of any property or interest in property, necessary or convenient to carry out its purposes at public sale, with or without public bidding;        (9)    fix and collect rates, rentals, fees, royalties, and charges for the use of or for services and resources it provides or makes available;        (10)    retain any necessary accountants, engineers, financial advisors, and other consultants;        (11)    with the approval of the Attorney General, retain any necessary lawyers;        (12)    further define or limit the term “revenue” defined in § 10-501 of this subtitle as the term applies to a particular project, financing, or other matter;        (13)    create, own, control, or be a member of a corporation, limited liability company, partnership, or other person, whether operated for profit or not for profit;        (14)    exercise a power usually possessed by a private corporation in performing similar functions unless to do so would conflict with State law; and        (15)    do anything necessary or convenient to carry out the powers granted by this subtitle.
MD. Economic Development Code Ann. §  10-510 (2021)
2021 Maryland Statutes|Economic Development|Division II - Independent and Regional Development Units and Resources|Title 10 - Statewide Development Resources and Revenue Authorities|Subtitle 5 - Maryland Agricultural and Resource-Based Industry Development Corporation|Section 10-510 - Powers -- Grants and Investments

    The Corporation may make grants to or provide equity investment financing for agricultural and resource-based businesses.
MD. Economic Development Code Ann. §  10-511 (2021)
2021 Maryland Statutes|Economic Development|Division II - Independent and Regional Development Units and Resources|Title 10 - Statewide Development Resources and Revenue Authorities|Subtitle 5 - Maryland Agricultural and Resource-Based Industry Development Corporation|Section 10-511 - Powers -- Projects

    The Corporation may:         (1)    acquire, improve, develop, manage, market, manufacture, license, maintain, lease as lessor or as lessee, and operate a project in the State to carry out the purposes of the Corporation;        (2)    acquire, directly or indirectly, by purchase, gift, or devise, property, rights, rights-of-way, franchises, easements, and other interests in land, including land lying under water and riparian rights, located in or outside the State as necessary or convenient to improve or operate a project, on terms and at prices the Corporation considers reasonable; and        (3)    enter into a project with a manufacturer to carry out the purposes of this subtitle.
MD. Economic Development Code Ann. §  10-512 (2021)
2021 Maryland Statutes|Economic Development|Division II - Independent and Regional Development Units and Resources|Title 10 - Statewide Development Resources and Revenue Authorities|Subtitle 5 - Maryland Agricultural and Resource-Based Industry Development Corporation|Section 10-512 - Powers -- Borrowing and Lending Authority

    The Corporation may:        (1)    (i)    borrow money and issue bonds;            (ii)    purchase, discount, sell, negotiate and guarantee, insure, co–insure, and reinsure negotiable instruments, bills of exchange, acceptances, bankers’ acceptances, cable transfers, letters of credit, and other evidences of indebtedness; and            (iii)    provide for the rights of lenders and bondholders;        (2)    procure insurance or reinsurance against:            (i)    loss in connection with its property or operations, including insurance, reinsurance, or other guarantees from any federal or State unit or private insurance company for the payment of bonds issued by the Corporation, or bonds, notes, or any other obligations issued or made by any lender or other person; or            (ii)    loss with respect to agricultural loans, mortgages or mortgage loans, or any other type of loans, including the power to pay premiums on the insurance or reinsurance;        (3)    (i)    insure, co–insure, or reinsure agricultural loans, mortgage loans or mortgages, or any other type of loans;            (ii)    pay or receive premiums on the insurance, co–insurance, or reinsurance;            (iii)    establish reserves for losses; and            (iv)    participate in the insurance, co–insurance, or reinsurance of agricultural loans, mortgage loans or mortgages, or any other type of loans with the federal or State government or any private insurance company;        (4)    make loans to or deposits with lenders;        (5)    purchase or sell agricultural loans;        (6)    fix and collect fees and charges in connection with its loans, deposits, insurance commitments, and services, including reimbursement of costs of issuing bonds, origination and servicing fees, and insurance premiums; and        (7)    subject to the rights of its bondholders:            (i)    renegotiate, refinance, or foreclose on a mortgage, security interest, or lien;            (ii)    commence an action to protect or enforce any right or benefit conferred on the Corporation by any law or agreement;            (iii)    consent to modification of an interest rate, time, payment, security, or other term or condition of an agreement to which the Corporation is a party or beneficiary;            (iv)    bid for and purchase property at any foreclosure or at any other sale, or otherwise acquire or take possession of any property; and            (v)    in connection with an acquisition under item (iv) of this item, complete, administer, pay the principal of and interest on any obligation incurred in connection with the property, dispose of, and otherwise deal with the property in any manner necessary or desirable to protect the interest of the Corporation or its bondholders in the property.
MD. Economic Development Code Ann. §  10-513 (2021)
2021 Maryland Statutes|Economic Development|Division II - Independent and Regional Development Units and Resources|Title 10 - Statewide Development Resources and Revenue Authorities|Subtitle 5 - Maryland Agricultural and Resource-Based Industry Development Corporation|Section 10-513 - Bonds -- in General

    (a)    The Corporation may authorize the issuance of revenue bonds by resolution.    (b)    The Corporation may issue the bonds:        (1)    to finance all or part of the costs of a project; and        (2)    for any other lawful purpose of the Corporation authorized in this subtitle.    (c)    The Corporation may issue the bonds at one time or from time to time.    (d)    The Corporation shall determine:        (1)    the date of the bonds;        (2)    the interest rates of the bonds;        (3)    the maturity date of the bonds, which may not exceed 40 years from the date of issue;        (4)    the prices, terms, and conditions of sale of the bonds;        (5)    the form of the bonds;        (6)    the manner of executing the bonds;        (7)    the denominations of the bonds; and        (8)    the places of payment of principal of and interest on the bonds, at a bank or trust company in or outside the State.    (e)    An officer’s signature or facsimile signature on a bond remains valid even if the officer leaves office before the bond is delivered.    (f)    (1)    The bonds are negotiable instruments under the laws of the State.        (2)    Bonds may be registrable.    (g)    (1)    The Corporation may sell the bonds by competitive or negotiated sale in a manner and for a price that the Corporation determines.        (2)    The bonds are exempt from §§ 8-206 and 8-208 of the State Finance and Procurement Article.    (h)    Bond proceeds may be placed in escrow pending application of the proceeds to the purposes for which the bonds are issued.
MD. Economic Development Code Ann. §  10-514 (2021)
2021 Maryland Statutes|Economic Development|Division II - Independent and Regional Development Units and Resources|Title 10 - Statewide Development Resources and Revenue Authorities|Subtitle 5 - Maryland Agricultural and Resource-Based Industry Development Corporation|Section 10-514 - Bonds -- Liability; Full Faith and Credit

    (a)    (1)    This section does not prevent the Corporation from pledging its full faith and credit to the payment of a bond.        (2)    This section does not limit the ability of the State or a political subdivision to impose an assessment, rate, fee, or charge to pay to the Corporation any cost, including the principal of and interest on a bond, under an agreement between the Corporation and the State or political subdivision.    (b)    (1)    A bond:            (i)    is not a debt, liability, or a pledge of the full faith and credit of the State or of any political subdivision; and            (ii)    is payable solely from revenues provided under this subtitle.        (2)    The issuance of a bond is not directly, indirectly, or contingently a moral or other obligation of the State or a political subdivision to levy or pledge any tax or to make an appropriation to pay the bond.        (3)    Each bond shall state on its face that:            (i)    neither the State nor a political subdivision, other than the Corporation, is obliged to pay the principal of or interest on the bond, except from revenues pledged to payment of the bond; and            (ii)    neither the full faith and credit nor the taxing power of the State or a political subdivision is pledged to the payment of the principal of or interest on the bond.
MD. Economic Development Code Ann. §  10-515 (2021)
2021 Maryland Statutes|Economic Development|Division II - Independent and Regional Development Units and Resources|Title 10 - Statewide Development Resources and Revenue Authorities|Subtitle 5 - Maryland Agricultural and Resource-Based Industry Development Corporation|Section 10-515 - Bonds -- Trust Agreement

    (a)    (1)    The Corporation may secure a bond by a trust agreement between the Corporation and a corporate trustee.        (2)    A corporate trustee may be any trust company or bank that has the powers of a trust company in or outside the State.        (3)    A corporation or trust company incorporated in the State may:            (i)    act as depository of bond proceeds or revenue; and            (ii)    furnish any indemnity bond or pledge security that the Corporation requires.    (b)    The trust agreement or the resolution that provides for the issuance of a bond may:        (1)    state the rights and remedies of bondholders and any trustee;        (2)    contain provisions to protect and enforce the rights and remedies of bondholders;        (3)    contain covenants stating the duties of the Corporation as to the custody, safeguarding, and application of money;        (4)    restrict the individual right of action of bondholders;        (5)    provide for the payment of the bond proceeds and revenues to an officer, board, or depository that the Corporation determines with the safeguards and restrictions that the Corporation determines; and        (6)    provide for the method of disbursement of the bond proceeds and revenues, with the safeguards and restrictions that the Corporation determines.    (c)    Expenses incurred in carrying out a trust agreement may be treated as a part of the cost of operation of the Corporation.
MD. Economic Development Code Ann. §  10-516 (2021)
2021 Maryland Statutes|Economic Development|Division II - Independent and Regional Development Units and Resources|Title 10 - Statewide Development Resources and Revenue Authorities|Subtitle 5 - Maryland Agricultural and Resource-Based Industry Development Corporation|Section 10-516 - Bonds -- Investment of Proceeds

    (a)    The portion of the proceeds of bonds issued to pay costs of a project may be invested in investments or other obligations that mature no later than the times when the proceeds will be needed.    (b)    (1)    Except as provided in paragraph (2) of this subsection, the Corporation shall determine the investment of bond proceeds.        (2)    If the Corporation loans the proceeds of the bonds to a person as provided in § 10-519 of this subtitle, the loan recipient shall determine the investment of bond proceeds.    (c)    The Corporation or the loan recipient may apply earnings and profits on investments or other obligations:        (1)    to the payment of any cost; or        (2)    in any other lawful manner.
MD. Economic Development Code Ann. §  10-517 (2021)
2021 Maryland Statutes|Economic Development|Division II - Independent and Regional Development Units and Resources|Title 10 - Statewide Development Resources and Revenue Authorities|Subtitle 5 - Maryland Agricultural and Resource-Based Industry Development Corporation|Section 10-517 - Bonds -- Refunding Bonds

    (a)    (1)    The Corporation may issue bonds to refund any outstanding bonds, 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 Corporation, any part of the cost of 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;            (ii)    alleviating an impending or actual default; or            (iii)    relieving the Corporation of a contractual agreement that the Corporation finds to be unreasonably onerous, impracticable, or impossible to perform.    (b)    (1)    The Corporation may issue refunding bonds in one or more series in an amount greater than the amount of the bonds to be refunded.        (2)    (i)    Refunding bonds may be made payable from:                1.    escrowed bond proceeds;                2.    earnings and profits, if any, on investments; or                3.    any other source.            (ii)    These sources:                1.    may be applied to other uses; and                2.    constitute revenues of a project under this subtitle.    (c)    In the discretion of the Corporation, the proceeds of refunding bonds may be:        (1)    applied to the purchase, retirement at maturity, or redemption of outstanding bonds on a date the Corporation determines; and        (2)    pending application under item (1) of this subsection, placed in escrow.    (d)    (1)    The Corporation may invest escrowed refunding bond proceeds in investments and other obligations, maturing on appropriate dates to assure the prompt payment of the principal of, interest on, and any redemption premium on the bonds to be refunded.        (2)    (i)    Except as provided in subparagraph (ii) of this paragraph, the Corporation shall determine the investment of the proceeds of refunding bonds.            (ii)    If the Corporation loans the proceeds of refunding bonds to a person as provided in § 10-519 of this subtitle, the loan recipient shall determine the investment of the proceeds of refunding bonds.        (3)    The earnings and any profits on investments or other obligations may be applied to the payment of the outstanding bonds to be refunded.        (4)    After the terms of the escrow have been fully satisfied, the balance of the proceeds and earnings and profits on investments or other obligations may be returned to the Corporation or the loan recipient for use in any lawful manner.
MD. Economic Development Code Ann. §  10-518 (2021)
2021 Maryland Statutes|Economic Development|Division II - Independent and Regional Development Units and Resources|Title 10 - Statewide Development Resources and Revenue Authorities|Subtitle 5 - Maryland Agricultural and Resource-Based Industry Development Corporation|Section 10-518 - Pledge

    (a)    The Corporation may pledge or assign:        (1)    any of its revenues;        (2)    any of its rights to receive revenues;        (3)    money and securities in accounts established to secure a bond; and        (4)    a lien or security interest granted or assignment made to the Corporation.    (b)    A pledge or assignment:        (1)    is valid and binding against any person having a claim against the Corporation, in contract, tort, or otherwise, regardless of whether the person has notice of the pledge or assignment; and        (2)    has priority over the claim.    (c)    A resolution, trust agreement, assignment, financing agreement, or other instrument that creates a lien, security interest, assignment, or pledge under subsection (a) of this section:        (1)    shall be filed in the records of the Corporation; but        (2)    need not be filed or recorded elsewhere.
MD. Economic Development Code Ann. §  10-519 (2021)
2021 Maryland Statutes|Economic Development|Division II - Independent and Regional Development Units and Resources|Title 10 - Statewide Development Resources and Revenue Authorities|Subtitle 5 - Maryland Agricultural and Resource-Based Industry Development Corporation|Section 10-519 - Project Financing

    (a)    The Corporation may:        (1)    lend or otherwise make available the proceeds of its bonds to a person to finance costs of a project; and        (2)    enter into a financing agreement, mortgage, or other instrument that it determines is necessary or desirable to evidence or secure the loan.    (b)    (1)    A lease for a project may require or authorize the lessee or another person to purchase or otherwise acquire the project for consideration, that the Corporation establishes, on:            (i)    payment of the principal of and interest on the bonds that financed the cost of the project; or            (ii)    other provision for payment satisfactory to the Corporation.        (2)    Consideration required under paragraph (1) of this subsection may be nominal.
MD. Economic Development Code Ann. §  10-520 (2021)
2021 Maryland Statutes|Economic Development|Division II - Independent and Regional Development Units and Resources|Title 10 - Statewide Development Resources and Revenue Authorities|Subtitle 5 - Maryland Agricultural and Resource-Based Industry Development Corporation|Section 10-520 - Agricultural Loans

    (a)    (1)    The Corporation may purchase and sell agricultural loans made by lenders, at the prices and on the terms and conditions that it determines.        (2)    A lender may purchase and sell agricultural loans to the Corporation in accordance with this section.    (b)    (1)    The Corporation may make loans to and deposits with lenders at interest rates, terms, and conditions that it determines.        (2)    A lender may borrow funds and accept deposits from the Corporation in accordance with this subtitle and the bylaws of the Corporation.        (3)    The Corporation shall require that all proceeds of its loans to or deposits with lenders, or an equivalent amount, shall be used by the lenders to make agricultural loans, subject to terms and conditions that the Corporation determines.    (c)    (1)    The Corporation may insure and reinsure agricultural loans made by lenders, subject to the terms, security provisions, and reserve requirements determined by the Corporation in accordance with the bylaws of the Corporation.        (2)    Unless otherwise determined by the Corporation, agricultural loans shall be insured to the amount of 100% of the unpaid principal of and interest on each agricultural loan.    (d)    An insured agricultural loan is in default when the holder of the agricultural loan requests the Corporation to pay insurance on the loan in accordance with any agreement with respect to the insurance executed in accordance with this section.    (e)    The Corporation may enter into agreements with any person, lender, or holder of an insured agricultural loan to:        (1)    provide for the administration, application, and repayment of the agricultural loan; and        (2)    establish the conditions for payment of insurance by the Corporation, and the servicing, suit on, or foreclosure of the agricultural loan.    (f)    (1)    The aggregate value of all agricultural loans insured by the Corporation and outstanding at any one time may not exceed 20 times the total value of money, investments, properties, and other assets of the Corporation.        (2)    Notwithstanding paragraph (1) of this subsection, the aggregate value of agricultural loans insured and outstanding may be further expanded by use of federal, State, or private loan insurance, reinsurance, or guarantees of which the Corporation is or shall become the beneficiary.
MD. Economic Development Code Ann. §  10-521 (2021)
2021 Maryland Statutes|Economic Development|Division II - Independent and Regional Development Units and Resources|Title 10 - Statewide Development Resources and Revenue Authorities|Subtitle 5 - Maryland Agricultural and Resource-Based Industry Development Corporation|Section 10-521 - Agricultural Studies

    The Corporation may:         (1)    study agricultural conditions and needs in the State, needs relating to the promotion of agricultural industries, and ways of meeting those needs;        (2)    make the studies available to the public and to agricultural industries; and        (3)    engage in research or disseminate information on agriculture and agricultural marketing and promotion.