Md. Code, State Finance and Procurement § 8-123.2
Md. Code, State Finance and Procurement § 8-123.2
in effect§8–123.2.
(a) In this section, “small denomination bonds” means bonds in denominations of $5,000 or less.
(b) In accordance with § 8-121 of this subtitle, the Board, in a resolution setting forth the terms and conditions of any State bond issue, may designate that all or a portion of the State bonds be issued as small denomination bonds.
(c) Small denomination bonds may be issued in any form permitted under § 8-121 of this subtitle.
(d) The Board may sell small denomination bonds at a negotiated sale if the Board determines that a negotiated sale will:
(1) result in either a more efficient or economical sale of the bonds; or
(2) provide greater access to investors who are residents of the State of Maryland.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=gsf§ion=8-123.2&enactments=falseFetched: 10/17/2026