§ 8–120
Statutes in effect as of October 1, 2026.
Md. Code Ann., State Fin. & Proc. § 8-120 (2026)
Title 8. Debt
Subtitle 1. General Obligation Debt
§ 8–120LinkCopy Citation
By resolution, the Board may provide that the State bonds authorized by an enabling act:
(1)
be in 1 or more series;
(2)
bear a certain date of issue;
(3)
be executed in a certain manner;
(4)
be sold in a certain manner at public or private, negotiated sale;
(5)
be in certain denominations, not necessarily in equal paramounts;
(6)
mature in certain amounts at certain times, not necessarily in consecutive annual installments, but not later than 15 years after their respective dates of issue;
(7)
bear interest at certain rates or at rates to be determined in the manner stated in the resolution; and
(8)
be paid, as to principal and interest, at certain places.