Section 5-460 - State not liable. - Maryland Statutes

§ 5-460. State not liable.
 

(a)  In general.- A fixed asset financing loan assisted by a linked deposit is not a debt of the State or a pledge of the credit of the State. 

(b)  Liability.- The Authority and, in accordance with § 5-521 of the Courts Article, the Department and the State are not liable to a lender for payment of the principal or interest on a fixed asset financing loan assisted by a linked deposit under this part. 
 

[An. Code 1957, art. 83A, § 5-927(i); 2008, ch. 306, § 2.]