Md. Code, State Finance and Procurement § 8-118
Md. Code, State Finance and Procurement § 8-118
in effect(a) The Board shall exercise the powers and perform the duties that the General Assembly delegates to the Board in connection with:
(1) the creation of State debt;
(2) the determination of interest on and other terms and conditions of the State debt;
(3) the preparation of State bonds that evidence the State debt;
(4) notice of a sale of State bonds; and
(5) the sale.
(b) The Board shall exercise these powers and perform these duties in accordance with:
(1) Article III, § 34 of the Maryland Constitution;
(2) §§ 8-117 through 8-124 of this subtitle; and
(3) the specific enabling act.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=gsf§ion=8-118&enactments=falseFetched: 10/17/2026