Md. Code, State Finance and Procurement § 8-120
This is the official text of Md. Code, State Finance and Procurement § 8-120, part of Maryland’s Code, State Finance and Procurement — governs the state budget and government contracting.
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.
§8–120.
Official statutory text
By resolution, the Board may provide that the State bonds authorized by an enabling act:
(1) be in 1 or more series;
(2) bear a certain date of issue;
(3) be executed in a certain manner;
(4) be sold in a certain manner at public or private, negotiated sale;
(5) be in certain denominations, not necessarily in equal paramounts;
(6) mature in certain amounts at certain times, not necessarily in consecutive annual installments, but not later than 15 years after their respective dates of issue;
(7) bear interest at certain rates or at rates to be determined in the manner stated in the resolution; and
(8) be paid, as to principal and interest, at certain places.
(1) be in 1 or more series;
(2) bear a certain date of issue;
(3) be executed in a certain manner;
(4) be sold in a certain manner at public or private, negotiated sale;
(5) be in certain denominations, not necessarily in equal paramounts;
(6) mature in certain amounts at certain times, not necessarily in consecutive annual installments, but not later than 15 years after their respective dates of issue;
(7) bear interest at certain rates or at rates to be determined in the manner stated in the resolution; and
(8) be paid, as to principal and interest, at certain places.
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.