§ 8-123.1
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/md/state-finance-and-procurement/8-123-1·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§8–123.1.
(a)In accordance with the authority to issue capital appreciation bonds under § 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 capital appreciation bonds.
(b)The Board may sell the capital appreciation bonds at a negotiated sale if the Board determines that a negotiated sale will provide greater access to investors who are residents of the State of Maryland.