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<section article="gsf" article_name="State Finance and Procurement" number="8-118" title_number="8" title_name="Debt" subtitle_number="1" subtitle_name="General Obligation Debt">
  <level label="a">
    <text>The Board shall exercise the powers and perform the duties that the General Assembly delegates to the Board in connection with:</text>
    <level label="1">
      <text>the creation of State debt;</text>
    </level>
    <level label="2">
      <text>the determination of interest on and other terms and conditions of the State debt;</text>
    </level>
    <level label="3">
      <text>the preparation of State bonds that evidence the State debt;</text>
    </level>
    <level label="4">
      <text>notice of a sale of State bonds; and</text>
    </level>
    <level label="5">
      <text>the sale.</text>
    </level>
  </level>
  <level label="b">
    <text>The Board shall exercise these powers and perform these duties in accordance with:</text>
    <level label="1">
      <text>Article III, § 34 of the Maryland Constitution;</text>
    </level>
    <level label="2">
      <text>§§ 8-117 through 8-124 of this subtitle; and</text>
    </level>
    <level label="3">
      <text>the specific enabling act.</text>
    </level>
  </level>
</section>
