Md. Code, State Finance and Procurement § 8-126
This is the official text of Md. Code, State Finance and Procurement § 8-126, 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.
§8–126.
Official statutory text
(a) Whenever an appropriation from the General Fund is made in the State budget and is spent to finance any part of a project or program for which an enabling act authorizes State debt, the total State debt authorized by the enabling act is reduced by the lesser of:
(1) the amount of the appropriation; or
(2) the amount of the State debt for which State bonds have not been issued.
(b) Whenever any other funds are made available to finance any part of a project or program for which an enabling act authorizes State debt, the Governor, with the approval of the Board, may reduce the total State debt authorized by the enabling act by an amount not exceeding the amount of funds made available.
(c) The Comptroller shall submit for publication in 2 separate issues of the Maryland Register a notice that:
(1) describes the project or program for which the debt authorization is to be reduced;
(2) states the amount of the reduction;
(3) states the source of the funds on which the reduction is based; and
(4) states the chapter number and year of enactment of the enabling act and each amendment to the enabling act.
(d) A reduction under this section may become effective only after the second publication of notice in the Maryland Register.
(1) the amount of the appropriation; or
(2) the amount of the State debt for which State bonds have not been issued.
(b) Whenever any other funds are made available to finance any part of a project or program for which an enabling act authorizes State debt, the Governor, with the approval of the Board, may reduce the total State debt authorized by the enabling act by an amount not exceeding the amount of funds made available.
(c) The Comptroller shall submit for publication in 2 separate issues of the Maryland Register a notice that:
(1) describes the project or program for which the debt authorization is to be reduced;
(2) states the amount of the reduction;
(3) states the source of the funds on which the reduction is based; and
(4) states the chapter number and year of enactment of the enabling act and each amendment to the enabling act.
(d) A reduction under this section may become effective only after the second publication of notice in the Maryland Register.
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.