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Maryland Code, State Finance and Procurement § 8-123.2

Current as of January 01, 2025 | Updated by Findlaw Staff

(a) In this section, “small denomination bonds” means bonds in denominations of $5,000 or less.

(b) In accordance with § 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 small denomination bonds.

(c) Small denomination bonds may be issued in any form permitted under § 8-121 of this subtitle.

(d) The Board may sell small denomination bonds at a negotiated sale if the Board determines that a negotiated sale will:

(1) result in either a more efficient or economical sale of the bonds; or

(2) provide greater access to investors who are residents of the State of Maryland.

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Cite this article: FindLaw.com - Maryland Code, State Finance and Procurement § 8-123.2 - last updated January 01, 2025 | https://codes.findlaw.com/md/state-finance-and-procurement/md-code-state-fin-and-proc-sect-8-123-2/

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