§ 3-204. Insurance, guarantees, and other credit enhancements

MD House & Comm Dev Code § 3-204 (2019) (N/A)
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Insurance, a guarantee, or other credit enhancement provided under this subtitle:

(1)    does not pledge the faith, credit, or taxing power of the State or the Department; and

(2)    is payable only to the extent of the reserve or other identified money backing the insurance, guarantee, or credit enhancement.