Md. Code, SF§ 8-138

Current with changes from the 2024 Legislative Session

Section 8-138 - Authorized

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.

Md. Code, SF§ 8-138