§ 8–118
Statutes in effect as of October 1, 2026.
Md. Code Ann., State Fin. & Proc. § 8-118 (2026)
Title 8. Debt
Subtitle 1. General Obligation Debt
§ 8–118LinkCopy Citation
(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.