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<section article="gsf" article_name="State Finance and Procurement" number="8-201" title_number="8" title_name="Debt" subtitle_number="2" subtitle_name="Debts of State Units">
  <level label="a">
    <text>In this subtitle the following words have the meanings indicated, unless the context clearly requires otherwise.</text>
  </level>
  <level label="b">
    <level label="1">
      <text>“Bond” means an obligation for the payment of money, by whatever name known or source of funds secured, issued by a State unit under general or special statutory authority.</text>
    </level>
    <level label="2">
      <text>“Bond” includes:</text>
      <level label="i">
        <text>a bond;</text>
      </level>
      <level label="ii">
        <text>a certificate of indebtedness;</text>
      </level>
      <level label="iii">
        <text>an interim certificate; and</text>
      </level>
      <level label="iv">
        <text>a note.</text>
      </level>
    </level>
  </level>
  <level label="c">
    <text>“Enabling act” means a law that authorizes a State unit to create a debt and to sell bonds to evidence that debt.</text>
  </level>
  <level label="d">
    <text>“Resolution” means a resolution or other evidence of official action customarily used by a State unit.</text>
  </level>
  <level label="e">
    <level label="1">
      <text>“State unit” means a unit or instrumentality of the State.</text>
    </level>
    <level label="2">
      <text>“State unit” does not include the State.</text>
    </level>
  </level>
</section>
