Maryland § 8-123
Full text of Maryland Maryland Code § 8-123, with citation guidance and answers to common questions.
§ 8-123.
(a) Except as otherwise provided in this subtitle, the Board shall offer State bonds at a public sale.
(b) (1) At least 10 days before the date of a public sale, the Board shall give public notice of the sale.
(2) The notice shall state the date, time, and place of the public sale.
(3) The notice may be given by The Municipal Market Monitor (TM3) or a similar service or such other method as the Treasurer deems appropriate.
(c) (1) Except as provided in paragraph (2) of this subsection, at a public sale, the Board shall sell State bonds for cash to the responsible bidder who:
(i) offers the lowest net interest cost to the State; or
(ii) meets other terms or conditions of sale or issuance that the Board has set.
(2) Whenever the Board determines that no bid is satisfactory and that it is in the best interests of the State to reject all bids, the Board may reject the bids.
(d) (1) By resolution, the Board may postpone the time for receipt of proposals for the bonds without republishing the form of advertisement for the bonds.
(2) (i) The Treasurer shall provide notice of the new date and time of sale not less than 24 hours prior to the time proposals are to be submitted, which date may not be more than 30 days after the originally scheduled date of sale.
(ii) The notice may be given by The Municipal Market Monitor (TM3) or a similar service or such other method as the Treasurer deems appropriate.
Frequently Asked Questions About Maryland § 8-123
What does Maryland Code § 8-123 cover?
Section 8-123 is part of the Maryland Code, the codified statutory law of Maryland. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Maryland § 8-123?
A common citation format is "Maryland Code § 8-123" (Maryland). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Maryland law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Maryland official source linked on this page or consult a licensed Maryland attorney.
How does Maryland § 8-123 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Maryland can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Maryland.