§ 8-118
104 words·~1 min read·
/md/state-finance-and-procurement/8-118·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§8–118.
(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.