§ 8–215
Statutes in effect as of October 1, 2026.
Md. Code Ann., State Fin. & Proc. § 8-215 (2026)
Title 8. Debt
Subtitle 2. Debts of State Units
§ 8–215LinkCopy Citation
(a)
A State unit may not issue bond anticipation notes under this Part III of this subtitle in a total principal amount that exceeds the authorized amount of the bonds in anticipation of the sale of which the notes are issued and sold.
(b)
A State unit may not issue grant anticipation notes under this Part III of this subtitle in a total amount, including interest, that exceeds the amount of the grant in anticipation of the receipt of which the notes are issued and sold.