Ch. 311

LAWS OF MARYLAND

(5)  Nothing contained in this section shall prevent
the Administration from pledging its full faith and credit to the
payment of bonds authorized under this subtitle.

(6)  However, this section does not limit the ability
of this State or a subdivision of this State to set, impose, or
collect a rate, fee, or charge to pay the Administration for the
cost of an energy project, including the principal of and
interest on bonds, under an agreement between the Administration
and the State or subdivision.

(b)  The Administration shall have absolute discretion to
determine with respect to the bonds of any issue:

(1)  The date or dates of issue;

(2)  The date or dates of maturity and the amount or
amounts maturing on the date or dates, provided only that a bond
of any issue may not mature later than 50 years from the date of
its issue;

(3)  The rate or rates of interest payable on the
bonds and the date or dates of such payment;

(4)  The form or forms, denomination or denominations,
manner of execution and the place or places of payment of the
bonds and of the interest on the bonds, which may be at any bank
or trust company in or outside this State;

(5) The terms and conditions on which the bonds may
be redeemed prior to maturity and the prices at which the bonds
may be redeemed; and

(6) Any other matter relating to the forms, terms,
conditions, issuance, and sale of the bonds.

[13-409.] 6-309.

(a) In case any officer or employee of the Administration
whose signature or a facsimile of whose signature appears on any
bonds or coupons ceases to hold his or her office or employment
before the delivery of the bonds, the signature or facsimile
shall nevertheless be valid and sufficient for all purposes the
same as if that officer or employee had retained his or her
office or employment until such delivery.

(b) Notwithstanding any other provision of this subtitle or
any recitals in the bonds any bond issued under this subtitle
shall be a negotiable instrument under the laws of this State.

(c)  Bonds issued under this subtitle may be issued in
coupon or in registered form or both, and provision may be made
for the registration of any coupon bonds as to principal alone

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