§ 8–138
Statutes in effect as of October 1, 2026.
Md. Code Ann., State Fin. & Proc. § 8-138 (2026)
Title 8. Debt
Subtitle 1. General Obligation Debt
§ 8–138LinkCopy Citation
Subject to the limitations in this Part V of this subtitle, and at the direction of the Board, the Treasurer may borrow money, on the credit of the State, in anticipation of:
(1)
tax receipts, as set forth in the revenue estimates that support an enacted State budget; or
(2)
proceeds of a sale of State bonds.