§ 8–123.2
Statutes in effect as of October 1, 2026.
Md. Code Ann., State Fin. & Proc. § 8-123.2 (2026)
Title 8. Debt
Subtitle 1. General Obligation Debt
§ 8–123.2LinkCopy Citation
(a)
In this section, “small denomination bonds” means bonds in denominations of $5,000 or less.
(b)
In accordance with § 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 small denomination bonds.
(c)
Small denomination bonds may be issued in any form permitted under § 8-121 of this subtitle.
(d)
The Board may sell small denomination bonds at a negotiated sale if the Board determines that a negotiated sale will:
(1)
result in either a more efficient or economical sale of the bonds; or
(2)
provide greater access to investors who are residents of the State of Maryland.