§ 8–123.1
Statutes in effect as of October 1, 2026.
Md. Code Ann., State Fin. & Proc. § 8-123.1 (2026)
Title 8. Debt
Subtitle 1. General Obligation Debt
§ 8–123.1LinkCopy Citation
(a)
In accordance with the authority to issue capital appreciation bonds under § 8-121 of this subtitle, the Board, in a resolution setting forth the terms and conditions of any State bond issue, may designate that all or a portion of the State bonds be issued as capital appreciation bonds.
(b)
The Board may sell the capital appreciation bonds at a negotiated sale if the Board determines that a negotiated sale will provide greater access to investors who are residents of the State of Maryland.