Md. Code, Alcoholic Beverages and Cannabis § 32-307
This is the official text of Md. Code, Alcoholic Beverages and Cannabis § 32-307, part of Maryland’s Code, Alcoholic Beverages and Cannabis — regulates the sale and licensing of alcohol and cannabis.
Not legal advice. This page reproduces the official text of a government statute for reference only. Laws change, and how a statute applies depends on your specific facts. For advice about your situation, consult a licensed attorney in your state.
§32–307.
Official statutory text
(a) (1) The county may lend money to the Liquor Control Board to provide the Liquor Control Board with adequate working capital to acquire, establish, and operate the dispensary system and warehouse facilities.
(2) The county may finance a loan under this subsection by issuing notes, certificates of indebtedness, or bonds as the county finds necessary.
(3) (i) The Liquor Control Board may borrow money from a banking institution on the Liquor Control Board’s own credit.
(ii) The aggregate sum advanced to or borrowed by the Liquor Control Board may not exceed $500,000.
(b) (1) Money shall bear interest at the lowest rate possible, not exceeding 6% a year that, under this subtitle is:
(i) loaned to the Liquor Control Board by the county;
(ii) borrowed by the county; or
(iii) borrowed by the Liquor Control Board.
(2) Money loaned or borrowed, and the interest on it, shall be repaid from the receipts from sales made at the dispensaries.
(2) The county may finance a loan under this subsection by issuing notes, certificates of indebtedness, or bonds as the county finds necessary.
(3) (i) The Liquor Control Board may borrow money from a banking institution on the Liquor Control Board’s own credit.
(ii) The aggregate sum advanced to or borrowed by the Liquor Control Board may not exceed $500,000.
(b) (1) Money shall bear interest at the lowest rate possible, not exceeding 6% a year that, under this subtitle is:
(i) loaned to the Liquor Control Board by the county;
(ii) borrowed by the county; or
(iii) borrowed by the Liquor Control Board.
(2) Money loaned or borrowed, and the interest on it, shall be repaid from the receipts from sales made at the dispensaries.
Status: in_force · Read it on the official government site
Need a lawyer in Maryland?
Find a Maryland lawyer
About this page: Statute text is reproduced from official government publishers via the
Open US Law dataset
(Vaquill AI, snapshot v2026.08, CC BY 4.0). Primary legislative text like this is public domain under the government-edicts doctrine
(Georgia v. Public.Resource.Org, 2020). We link every section back to its official source so you can verify it independently.