Md. Code, State Finance and Procurement § 8-138

Md. Code, State Finance and Procurement § 8-138
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Subject to the limitations in this Part V of this subtitle, and at the direction of the Board, the Treasurer may borrow money, on the credit of the State, in anticipation of: (1) tax receipts, as set forth in the revenue estimates that support an enacted State budget; or (2) proceeds of a sale of State bonds.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=gsf&section=8-138&enactments=falseFetched: 10/17/2026

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