1108                                        LAWS OF MARYLAND                             [Ch. 4

COMMISSION, EXCEPT AS MAY BE OTHERWISE PROVIDED IN THE
INDENTURE UNDER WHICH THEY WERE ISSUED, SHALL BE
DIRECT AND GENERAL OBLIGATIONS OF THE COMMISSION, AND
THE FULL FAITH ANT CREDIT OF THE COMMISSION ARE HEREBY
PLEDGED FOR THE PROMPT PAYMENT OF THE DEBT SERVICE
THEREON AND FOR THE FULFILLMENT OF ALL OTHER
UNDERTAKINGS OF THE COMMISSION ASSUMED BY IT TO OR FOR
THE BENEFIT OF THE HOLDERS THEREOF.

13.2. FUNDS AND EXPENSES. —THE PURPOSES OF
THIS COMPACT SHALL INCLUDE WITHOUT LIMITATION THERETO
ALL COSTS OF ANY PROJECT OR FACILITY OR ANY PART
THEREOF, INCLUDING INTEREST DURING A PERIOD OF
CONSTRUCTION AND A REASONABLE TIME THEREAFTER AND ANY
INCIDENTAL EXPENSES (LEGAL, ENGINEERING, FISCAL,
FINANCIAL CONSULTANT, AND OTHER EXPENSES) CONNECTED
WITH ISSUING AND DISPOSING OF THE BONDS; ALL AMOUNTS
REQUIRED FOR THE CREATION OF AN OPERATING FUND,
CONSTRUCTION FUND, RESERVE FUND, SINKING FUND, OR
OTHER SPECIAL FUND; ALL OTHER EXPENSES CONNECTED WITH
THE PLANNING, DESIGN, ACQUISITION, CONSTRUCTION,
COMPLETION, IMPROVEMENT, OR RECONSTRUCTION OF ANY
FACILITY OR ANY PART THEREOF, AND REIMBURSEMENT OF
ADVANCES BY THE COMMISSION OR BY OTHERS FOR SUCH
PURPOSES AND FOR WORKING CAPITAL.

13-3. PLEDGE OF STATES' CREDIT, OBLIGATION TO
PAY BONDS; PERSONAL LIABILITY. —THE COMMISSION SHALL
HAVE NO POWER TO PLEDGE THE CREDIT OF ANY SIGNATORY
PARTY OR OF ANY COUNTY OR MUNICIPALITY, OR TO IMPOSE
ANY OBLIGATION FOR PAYMENT OF THE BONDS UPON ANY
SIGNATORY PARTY OR ANY COUNTY OR MUNICIPALITY.
NEITHER THE COMMISSIONERS NOR ANY PERSON EXECUTING THE
BONDS SHALL BE LIABLE PERSONALLY ON THE BONDS OF THE
COMMISSION OR BE SUBJECT TO ANY PERSONAL LIABILITY OR
ACCOUNTABILITY BY REASON OF THE ISSUANCE THEREOF.

13.4. FUNDING AND REFUNDING. —WHENEVER THE
COMMISSION DEEMS IT EXPEDIENT, IT MAY FUND AND REFUND
ITS BONDS AND OTHER OBLIGATIONS, WHETHER OR NOT SUCH
BONDS AND OBLIGATIONS HAVE MATURED. IT MAY PROVIDE
FOR THE ISSUANCE, SALE, OR EXCHANGE OF REFUNDING BONDS
FOR THE PURPOSE OF REDEEMING OR RETIRING ANY BONDS
(INCLUDING PAYMENT OF ANY PREMIUM, DUPLICATE INTEREST,
OR CASH ADJUSTMENT REQUIRED IN CONNECTION THEREWITH)
ISSUED BY THE COMMISSION OR ISSUED BY ANY OTHER
ISSUING BODY, THE PROCEEDS OF THE SALE OF WHICH HAVE
BEEN APPLIED TO ANY FACILITY ACQUIRED BY THE
COMMISSION OR WHICH ARE PAYABLE OUT OF THE REVENUES OF
ANY FACILITY ACQUIRED BY THE COMMISSION. BONDS MAY
BE ISSUED PARTLY TO REFUND BONDS AND OTHER OBLIGATIONS