Maryland Statutes
§ 8-404
Maryland § 8-404
This text of Maryland § 8-404 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., State Finance and Procurement § 8-404 (2026).
Text
A capital lease authorized under this subtitle:
(1)shall be contingent on the availability of appropriated or other legally available funds, not including nonappropriated pension or retirement funds, that permit the timely payment of principal, interest, and other obligations, if any, imposed by the terms of the capital lease;
(2)may not be construed or deemed to be a debt of the State or a unit of State government; and
(3)may not constitute a pledge of the full faith and credit and taxing power of the State or a unit of State government.
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Cite This Page — Counsel Stack
Bluebook (online)
Maryland § 8-404, Counsel Stack Legal Research, https://law.counselstack.com/statute/md/gsf/8-404.