Md. Code, State Fin. & Proc. § 8-118
Md. Code, State Fin. & Proc. § 8-118
Maryland · Maryland Code, State Finance and Procurement · Status: effective
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- Citation
- Md. Code, State Fin. & Proc. § 8-118, Maryland, version 1 as recorded 2026-09-29, yourstate.us, https://yourstate.us/provision/1787315
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Full text
(a) The Board shall exercise the powers and perform the duties that the General Assembly delegates to the Board in connection with:
(1) the creation of State debt;
(2) the determination of interest on and other terms and conditions of the State debt;
(3) the preparation of State bonds that evidence the State debt;
(4) notice of a sale of State bonds; and
(5) the sale.
(b) The Board shall exercise these powers and perform these duties in accordance with:
(1) Article III, § 34 of the Maryland Constitution;
(2) §§ 8-117 through 8-124 of this subtitle; and
(3) the specific enabling act.