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2013 Maryland Code
STATE FINANCE AND PROCUREMENT
§ 8-138 - Authorized
MD State Fin & Pro Code § 8-138 (2013) What's This?
§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.
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