1. (a) The Board shall exercise the powers and perform the duties that the General Assembly delegates to the Board in connection with:

   1. (1) the creation of State debt;
   2. (2) the determination of interest on and other terms and conditions of the State debt;
   3. (3) the preparation of State bonds that evidence the State debt;
   4. (4) notice of a sale of State bonds; and
   5. (5) the sale.

2. (b) The Board shall exercise these powers and perform these duties in accordance with:

   1. (1) Article III, § 34 of the Maryland Constitution;
   2. (2) §§ 8-117 through 8-124 of this subtitle; and
   3. (3) the specific enabling act.

Added by Acts 1985, c. 11, § 2, eff. Oct. 1, 1985.

Formerly Art. 31, § 19; Art. 78A, § 1.