Md. Code Ann., Econ. Dev. § 12-112
Manner and price of sale of bonds; applicability of Article 31
Effective Oct 1, 2013Added by Acts 2008, c. 306, § 2, eff. Oct. 1, 2008. Amended by Acts 2013, c. 136, § 1, eff. Oct. 1, 2013.State of Maryland
(a)
- (1) Bonds shall be sold in the manner, at competitive or negotiated sale, and on the terms at, above, or below par, that the public body considers best.
- (2) A contract to acquire or improve a facility may provide that payment shall be made in bonds.
- (b) A bond is not subject to the limitations of §§ 19-205 and 19-206 of the Local Government Article.
Added by Acts 2008, c. 306, § 2, eff. Oct. 1, 2008. Amended by Acts 2013, c. 136, § 1, eff. Oct. 1, 2013.