(a) In this section, “Code” means the Internal Revenue Code of 1986 and includes regulations and rulings issued under that Code. (b) There is an Annuity Bond Fund. (c) The Comptroller shall: (1) credit to the Annuity Bond Fund any money appropriated in the State budget to: (i) meet the debt service requirements on State bonds; and (ii) pay the costs […]
(a) The source of payment for the principal of and interest on each State bond that is sold as part of a State and local facilities loan shall be as provided in the enabling act under which the State bond is issued. (b) This section does not affect any exemption from taxation provided by law.
(a) (1) Subject to the provisions of subsection (b) of this section, on or before May 1 of each year, the Board shall certify to the governing body of each county the rates of State tax on assessable property needed to meet the debt service requirements during the next taxable year on all the State bonds that […]
(a) In this section, “financial institution” has the meaning stated in § 6-201 of this article. (b) The Treasurer may appoint any financial institution as a fiscal agent. (c) During its agency, the fiscal agent shall be covered by a surety bond in the form and amount required by law. (d) (1) In accordance with the procedures that the Treasurer […]
If the Board has authorized the transaction and approved the form of the agreement, to improve the management of State general obligation debt or to reduce the cost of servicing such debt, and after giving due consideration to the creditworthiness of the counterparties, the Treasurer may: (1) enter into interest rate exchange agreements or contracts providing […]
