§ 3-213. Full faith and credit not pledged

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The bonds, notes, and other evidences of obligation issued under this subtitle are not and may not be considered to constitute a debt or a pledge of the faith and credit of the State of Maryland, but shall be payable, as to both principal and interest, only from the proceeds of the tax and other revenues levied, imposed, pledged, or made available for that purpose.

HISTORY: An. Code 1957, art. 94A, § 9; 1977, ch. 13, § 2.

                    
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