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2013 Maryland Code
STATE FINANCE AND PROCUREMENT
§ 8-142 - Time for repayment


MD State Fin & Pro Code § 8-142 (2013) What's This?

§8-142.

(a) A loan under this Part V of this subtitle in anticipation of proceeds of a sale of State bonds shall be repaid within 180 days after the date of the loan.

(b) A loan under this Part V of this subtitle in anticipation of tax receipts shall be repaid within 180 days after the date of the loan but no later than 45 days after the close of the fiscal year.

(c) The Board may not extend a time limit set in this section.

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