Maryland Statutes
§ 12-117
Maryland § 12-117
This text of Maryland § 12-117 is published on Counsel Stack Legal Research, covering Maryland primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Md. Code Ann., Economic Development § 12-117 (2026).
Text
(a)This section applies to a lease or contract under which:
(1)the State or a unit of the State will be an initial user or occupant of a facility financed by bonds issued under this subtitle; or
(2)a facility financed by bonds issued under this subtitle will be built on property owned by the State.
(b)The State or a unit of the State may not enter into a lease or contract that is subject to this section and that forms a part of the security for bonds issued under this subtitle unless:
(1)the Legislative Policy Committee has authorized the facility as being consistent with the capital budget; and
(2)the Board of Public Works specifically has approved the bond issue for that facility.
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Cite This Page — Counsel Stack
Bluebook (online)
Maryland § 12-117, Counsel Stack Legal Research, https://law.counselstack.com/statute/md/gec/12-117.