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Statutes » Maryland » Code, State Finance and Procurement » Title 8

Md. Code, State Finance and Procurement § 8-122

This is the official text of Md. Code, State Finance and Procurement § 8-122, part of Maryland’s Code, State Finance and Procurement — governs the state budget and government contracting.

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§8–122.

Official statutory text

(a) By resolution, the Board may provide for all or part of the State bonds authorized by 2 or more enabling acts to be consolidated and sold as a single issue. However, the Board may not include in a consolidated issue any State bonds authorized by an enabling act that specifically exempts the State bonds from this section.

(b) A consolidated issue under this section shall be known as the “State and local facilities loan” of the series and year in which the Board authorizes the sale of the issue.

(c) Notwithstanding any provision of an enabling act, each State bond that is sold as part of a consolidated issue under this section shall be identified by the series and year in which the Board authorizes the sale of the issue.

Status: in_force · Read it on the official government site

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