Bonds issued under the provisions of this article shall not be
deemed to constitute a debt or liability of the State of Maryland or of
any political subdivision thereof other than the Authority or a pledge
of the faith and credit of the State of Maryland or of any such
political subdivision other than the Authority, but shall be payable
solely from the funds herein provided therefor. All such bonds shall
contain on the face thereof a statement to the effect that neither the
State of Maryland nor any political subdivision thereof other than the
Authority shall be obligated to pay the same or the interest thereon
except from revenues of the project or the portion thereof for which
they are issued and that neither the faith and credit nor the taxing
power of the State of Maryland or of any political subdivision thereof
other than the Authority is pledged to the payment of the principal of
or the interest on such bonds. The issuance of bonds under the
provisions of this article shall not directly or indirectly or
contingently obligate the State of Maryland or any political
subdivision thereof to levy or to pledge any form of taxation whatever
therefor or to make any appropriation for their payment. Nothing
contained in this section shall prevent or be construed to prevent the
Authority from pledging its full faith and credit or the full faith and
credit of a participating institution for higher education or
noncollegiate educational institution or the full faith and credit of a
participating hospital to the payment of bonds or issue of bonds
authorized pursuant to this article.
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