Maryland § 4-244
Full text of Maryland Maryland Code § 4-244, with citation guidance and answers to common questions.
§ 4-244.
(a) The Administration may provide financial assistance, meet any development cost, or carry out any other of its purposes by spending:
(1) money appropriated by the General Assembly;
(2) the proceeds of a State loan to the extent provided by the General Assembly or a governmental unit authorized to issue bonds;
(3) the proceeds of the bonds, notes, or other evidences of indebtedness that the Administration issues, payable solely from revenues of the Administration as provided in this part; or
(4) any other money available to the Administration for community development under this subtitle:
(i) from its own operations;
(ii) from investment of the proceeds of its bonds, notes, or other indebtedness; or
(iii) from any other public or private source.
(b) (1) Except as otherwise provided in a determination made under this section, the Administration shall deposit with the State Treasurer any money that it does not need to meet current expenses and obligations.
(2) The State Treasurer shall:
(i) credit the money to the Administration;
(ii) invest the money as provided by statute; and
(iii) credit earnings from the money to the Administration.
Frequently Asked Questions About Maryland § 4-244
What does Maryland Code § 4-244 cover?
Section 4-244 is part of the Maryland Code, the codified statutory law of Maryland. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Maryland § 4-244?
A common citation format is "Maryland Code § 4-244" (Maryland). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Maryland law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Maryland official source linked on this page or consult a licensed Maryland attorney.
How does Maryland § 4-244 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Maryland can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Maryland.