Md. Code, State Finance and Procurement § 8-142
This is the official text of Md. Code, State Finance and Procurement § 8-142, part of Maryland’s Code, State Finance and Procurement — governs the state budget and government contracting.
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§8–142.
Official statutory text
(a) A loan under this Part V of this subtitle in anticipation of proceeds of a sale of State bonds shall be repaid within 180 days after the date of the loan.
(b) A loan under this Part V of this subtitle in anticipation of tax receipts shall be repaid within 180 days after the date of the loan but no later than 45 days after the close of the fiscal year.
(c) The Board may not extend a time limit set in this section.
(b) A loan under this Part V of this subtitle in anticipation of tax receipts shall be repaid within 180 days after the date of the loan but no later than 45 days after the close of the fiscal year.
(c) The Board may not extend a time limit set in this section.
Status: in_force · Read it on the official government site
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