Ch. 5                                           LAWS OF MARYLAND

Subtitle 1. Maryland Food Center Authority

13-101.

This subtitle may be cited as "The Maryland Food Center
Authority Act."

DRAFTER'S NOTE:

Error: Omitted title heading immediately preceding
Article 41, § 13-101.

Occurred: As a result of Ch. 6, § 6, Acts of 1988,
which transferred former §§ 6-101 through 6-121 and
the subtitle "Subtitle 1. Maryland Food Authority" of
Article 41A to be §§ 13-101 through 13-121 of Article
41, to be under the amended subtitle "Subtitle i.
Maryland Food Center Authority". Correction by the
Michie Company in the 1988 Cumulative Supplement to
the 1986 Replacement Volume of Volume 4 of the
Annotated Code of Maryland is validated by this Act.

13-103.

(e) When all of the bonds of the Authority are paid and
retired, and when all of the interest on and principal of all
bonds issued by the Authority has been paid or provision for the
payment has been made, in the event that the State shall have
levied and collected any State tax for the payment of interest on
and principal of the bonds pursuant to the provisions of [§
6-110] § 13-110, the Authority shall pay over to the Comptroller
of the State out of market and park revenues, after deduction for
the cost of maintaining, repairing and operating the market and
the park, including reserves for such purposes and for
replacements, depreciation, and necessary extensions, the amount
of any taxes levied and collected by the State for the payment of
interest on and principal of the bonds. In the event the
Authority acquires the property of the New Marsh Wholesale
Produce Market Authority and assumes all the duties, obligations
and liabilities thereof as provided in [§ 6-106]§ 13-106 of this
subtitle, the Authority shall pay over to the Comptroller of the
State of Maryland out of market and park revenues the amount of
any taxes levied and collected by the State under Chapter 845 of
the Laws of Maryland of 1957 for the payment of interest on and
the principal of the bonds issued by the New Marsh Wholesale
Produce Market Authority. The payments to the State shall be
without interest and shall be made within 60 days after the end
of each fiscal year of the Authority which begins after the year
in which all of the bonds have been paid and retired, or in which
provision for such payment has been made, until all of the State
tax has been repaid to the State.

DRAFTER'S NOTE:

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