§ 8-138
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/md/state-finance-and-procurement/8-138·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§8–138.
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.