{"data":{"id":"us-md/md.-code-state-finance-and-procurement-8-122.1","jurisdiction":"us-md","citation":"Md. Code, State Finance and Procurement § 8–122.1","heading":"","body":"(a) Upon sale of State bonds authorized by an enabling act, the principal amount of the loan authorized by that enabling act shall be reduced by:\n(1) the stated principal amount of the State bonds sold, if the bonds are sold at 95% or more of par; or\n(2) the cash proceeds, excluding any accrued interest, received for the State bonds, if the bonds are sold at less than 95% of par.\n(b) Whenever State bonds are sold as a consolidated issue at less than 95% of par, the Board, by resolution, shall determine the manner in which the cash proceeds received for the bonds, excluding accrued interest, shall be allocated among the loans included in that issue.","path":["Article - State Finance and Procurement"],"source_url":"https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=gsf\u0026section=8-122.1","current_through":"2026-01-01","vintage":"","retrieved_at":"2026-09-14T20:00:48Z","sha256":"e1885dc76d74764b0e65aedd0784ae666a4d01bf97940363eb62aa46495aa784","source_id":"us-md","stale":false,"prev":"us-md/md.-code-state-finance-and-procurement-8-122","next":"us-md/md.-code-state-finance-and-procurement-8-123"},"notice":"GroundRules: Original legal text. Not legal advice."}