Ch. 311

LAWS OF MARYLAND

[13-416.] 6-316.                             

If the Administration owns property that is not, because of
its ownership, subject to ordinary local taxes, the
Administration shall make payments in lieu of taxes to the
subdivision in which the property is located. Payment shall
equal the amount of ordinary local taxes that would be due if the
property were subject to taxation. Immediately upon acquisition
of an interest in any property, the Administration shall request
the State Department of Assessments and Taxation to certify to
the local taxing authority the assessment associated with the
property. The bonds, loans, or any other form of financial
assistance of the Administration, their transfer, the interest
payable on them, and any income derived from them, including any
profit realized in the sale or exchange of them, shall at all
times be exempt from taxation of every kind and nature by this
State or by any of its political subdivisions, municipal
corporations, or public agencies of any kind.

[13-417.] 6-317.

The Administration may not be required to give any bond as
security for costs, supersedeas, or any other security in any
suit or action brought by or against it or in proceedings to
which it may be a party, in any court in this State, and the
Administration shall have the remedies of appeal of whatever kind
to all courts without bonds, supersedeas, or security of any
kind. No builder's, materialman's, contractor's, laborer's or
mechanic's liens of any kind or character may ever attach to or
become a lien on any property, real or personal, that belongs to
the Administration and an assignment of wages may not be binding
on or recognized by the Administration.

[13-418.] 6-318.

When the principal of and interest on bonds of the
Administration issued to finance the cost of a particular energy
project or projects for any person, including any refunding bonds
issued by the Administration to refund and refinance bonds that
it issued, have been fully paid and retired, or when adequate
provision has been made to fully pay and retire them, and all
other conditions of the determination or trust agreement that
authorized and secured them have been satisfied and the lien of
the determination or trust agreement authorizing and securing the
bonds has been satisfied and the lien of the determination or
trust agreement has been released in accordance with its
provisions, the Administration, to the extent required by
applicable agreements with any person shall promptly do the
things and execute the deeds, releases and documents as are
necessary and required to:

(1) Convey title to the energy project or projects to
the person, free and clear of all liens and encumbrances, all to

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