2013 Maryland Code
ECONOMIC DEVELOPMENT
§ 12-112 - Manner and price of sale of bonds; applicability of Article 31 [Effective until October 1, 2013].
§12-112.
(a) (1) Bonds shall be sold in the manner, at competitive or negotiated sale, and on the terms at, above, or below par, that the public body considers best.
(2) A contract to acquire or improve a facility may provide that payment shall be made in bonds.
(b) A bond is not subject to the limitations of Article 31, §§ 9, 10, and 11 of the Code.
§ 12-112 - Manner and price of sale of bonds; applicability of Article 31 [Effective October 1, 2013].
(a) Bond sales. --
(1) Bonds shall be sold in the manner, at competitive or negotiated sale, and on the terms at, above, or below par, that the public body considers best.
(2) A contract to acquire or improve a facility may provide that payment shall be made in bonds.
(b) Applicability. -- A bond is not subject to the limitations of §§ 19-205 and 19-206 of the Local Government Article.
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