Md. Code, State Fin. & Proc. § 8-123.1
Md. Code, State Fin. & Proc. § 8-123.1
Maryland · Maryland Code, State Finance and Procurement · Status: effective
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- Citation
- Md. Code, State Fin. & Proc. § 8-123.1, Maryland, version 1 as recorded 2026-09-29, yourstate.us, https://yourstate.us/provision/1787322
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Full text
(a) In accordance with the authority to issue capital appreciation bonds under § 8-121 of this subtitle, the Board, in a resolution setting forth the terms and conditions of any State bond issue, may designate that all or a portion of the State bonds be issued as capital appreciation bonds.
(b) The Board may sell the capital appreciation bonds at a negotiated sale if the Board determines that a negotiated sale will provide greater access to investors who are residents of the State of Maryland.