Statutes, codes, and regulations
Code of Maryland
Article - ECONOMIC DEVELOPMENTDivision I - SECRETARY OF COMMERCE AND DEPARTMENT OF ECONOMIC COMPETITIVENESS AND COMMERCETitle 5 - ECONOMIC DEVELOPMENT AND FINANCIAL ASSISTANCE PROGRAMSSubtitle 4 - MARYLAND INDUSTRIAL DEVELOPMENT FINANCING AUTHORITY
Part III - INDUSTRIAL DEVELOPMENT FUND
Section 5-432 - Leverage limitations

Md. Code, EC§ 5-432

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Current with changes from the 2024 Legislative Session
Section 5-432 - Leverage limitations

The portion of the aggregate principal amount of bonds and authorized purpose obligations that the Fund insures at any time may not exceed 5 times the Fund balance.

Md. Code, EC§ 5-432