§ 8-138. Authorized

MD State Fin & Pro Code § 8-138 (2019) (N/A)
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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.