Md. Code, State Finance and Procurement § 8-215
This is the official text of Md. Code, State Finance and Procurement § 8-215, part of Maryland’s Code, State Finance and Procurement — governs the state budget and government contracting.
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§8–215.
Official statutory text
(a) A State unit may not issue bond anticipation notes under this Part III of this subtitle in a total principal amount that exceeds the authorized amount of the bonds in anticipation of the sale of which the notes are issued and sold.
(b) A State unit may not issue grant anticipation notes under this Part III of this subtitle in a total amount, including interest, that exceeds the amount of the grant in anticipation of the receipt of which the notes are issued and sold.
(b) A State unit may not issue grant anticipation notes under this Part III of this subtitle in a total amount, including interest, that exceeds the amount of the grant in anticipation of the receipt of which the notes are issued and sold.
Status: in_force · Read it on the official government site
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