# State Finance and Procurement (GSF)

## Title 8. Debt

### Subtitle 1. General Obligation Debt

#### Section 8-107

(a) This Part II of this subtitle applies only to tax supported debt.

(b) This Part II of this subtitle does not affect:

  (1) the authority of the Governor to submit:

    (i) amendments to the consolidated loan budget or to any accompanying bill; or

    (ii) instead of amendments, separate bills that authorize State debt; or

  (2) the authority of the General Assembly to:

    (i) continue its independent analysis of State debt affordability; or

    (ii) consider bills that authorize State debt in addition to the bills that accompany the consolidated loan budget.

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Md. Code Ann., State Fin. & Proc. (as displayed at mgaleg.maryland.gov, October 16, 2026)