Maryland § 8-126
Full text of Maryland Maryland Code § 8-126, with citation guidance and answers to common questions.
§ 8-126.
(a) Whenever an appropriation from the General Fund is made in the State budget and is spent to finance any part of a project or program for which an enabling act authorizes State debt, the total State debt authorized by the enabling act is reduced by the lesser of:
(1) the amount of the appropriation; or
(2) the amount of the State debt for which State bonds have not been issued.
(b) Whenever any other funds are made available to finance any part of a project or program for which an enabling act authorizes State debt, the Governor, with the approval of the Board, may reduce the total State debt authorized by the enabling act by an amount not exceeding the amount of funds made available.
(c) The Comptroller shall submit for publication in 2 separate issues of the Maryland Register a notice that:
(1) describes the project or program for which the debt authorization is to be reduced;
(2) states the amount of the reduction;
(3) states the source of the funds on which the reduction is based; and
(4) states the chapter number and year of enactment of the enabling act and each amendment to the enabling act.
(d) A reduction under this section may become effective only after the second publication of notice in the Maryland Register.
Frequently Asked Questions About Maryland § 8-126
What does Maryland Code § 8-126 cover?
Section 8-126 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 § 8-126?
A common citation format is "Maryland Code § 8-126" (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 § 8-126 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.