Maryland § 4-248
Full text of Maryland Maryland Code § 4-248, with citation guidance and answers to common questions.
§ 4-248.
(a) (1) The interest rate or rates on and the terms of any loans and the revenues from the terms of any other assets that are financed from the proceeds of bonds or notes of the Administration, any fees that the Administration charges, and any other available revenues shall be at least sufficient to ensure repayment in full of the principal of and interest on the bonds or notes as and when due.
(2) Any pledge that the Administration makes is valid and binding from the time the pledge is made.
(b) The lien of the pledge:
(1) immediately attaches, without any physical delivery or further act, to revenues or property so pledged and later received by the Administration; and
(2) is valid and binding against each person having a claim against the Administration whether or not:
(i) the person has notice of the lien of the pledge; or
(ii) the determination or any other instrument has been recorded or filed.
Frequently Asked Questions About Maryland § 4-248
What does Maryland Code § 4-248 cover?
Section 4-248 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 § 4-248?
A common citation format is "Maryland Code § 4-248" (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 § 4-248 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.