WILLIAM DONALD SCHAEFER, Governor                   Ch. 311

(b)  Without in any way limiting or restricting the effect
or application of this subtitle, the provisions of this subtitle
are intended to and shall be construed to authorize the
Administration to finance any energy project or any combination
of energy projects by any combination of issues or series of
bonds that are secured by the pledge of the net or gross
revenues, or a combination of net or gross revenues, from any
energy project or combination of projects, designated by a
determination that authorizes the issuance of the bonds or by any
trust agreement securing the bonds.

(c)  Any net earnings of the Administration, beyond that
necessary for the retirement of bonds or to implement the public
purposes or programs of the Administration, may not inure to the
benefit of any person, other than the State of Maryland for use
to accomplish the purposes of this subtitle.

[13-414.] 6-314.

Except to the extent these rights may be restricted by a
determination authorizing the issuance of, or by any trust
agreement securing the bonds, any holder of a bond issued under
this subtitle or of any coupon pertaining to such a bond and the
trustee may, either at law or in equity, by suit, action,
mandamus, or any other proceedings, protect and enforce any and
all rights under the laws of this State or granted under this
subtitle or under any determination or trust agreement, and may
enforce and compel the performance of all duties required by this
subtitle or by the determination or trust agreement to be
performed by the Administration or by any officer, employee, or
agent of the Administration, including the fixing, charging, and
collection of rates, rentals, fees, and charges authorized or
required by the provisions of the determination or trust
agreement to be fixed, charged, and collected.

[13-415.] 6-315.

Bonds issued under this subtitle are securities in which all
public officers and public bodies of the State of Maryland and
its political subdivisions and all banks, trust companies,
savings and loan associations, investment companies and others
carrying on a banking business, all insurance companies and
insurance associations and others carrying on an insurance
business, all personal representatives, executors,
administrators, guardians, trustees, and other fiduciaries, and
all other persons may legally and properly invest funds,
including capital in their control or belonging to them. The
bonds are securities that may properly and legally be deposited
with and received by a State or municipal officer or any agency
or political subdivision of the State for any purpose for which
the deposit of bonds or other obligations of the State is now or
subsequently may be authorized by law.

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