<?xml version='1.0' encoding='utf-8'?>
<section article="gec" article_name="Economic Development" number="12-112" title_number="12" title_name="Local Development Authorities and Resources" subtitle_number="1" subtitle_name="Economic Development Revenue Bond Act">
  <level label="a">
    <level label="1">
      <text>Bonds shall be sold in the manner, at competitive or negotiated sale, and on the terms at, above, or below par, that the public body considers best.</text>
    </level>
    <level label="2">
      <text>A contract to acquire or improve a facility may provide that payment shall be made in bonds.</text>
    </level>
  </level>
  <level label="b">
    <text>A bond is not subject to the limitations of §§ 19–205 and 19–206 of the Local Government Article.</text>
  </level>
</section>
