(a) (1) Bonds shall be sold in the manner, at competitive or negotiated sale, and on the terms at, above, or below par, that the public body considers best.
(2) A contract to acquire or improve a facility may provide that payment shall be made in bonds.
(b) A bond is not subject to the limitations of §§ 19–205 and 19–206 of the Local Government Article.
Structure Maryland Statutes
Division II - Independent and Regional Development Units and Resources
Title 12 - Local Development Authorities and Resources
Subtitle 1 - Economic Development Revenue Bond Act
Section 12-102 - Construction and Effect of Subtitle
Section 12-103 - Legislative Findings; Purposes of Subtitle
Section 12-105 - Industrial Development Authorities -- in General
Section 12-106 - Industrial Development Authorities -- Board of Directors
Section 12-107 - Administration
Section 12-108 - Benefit of Net Earnings
Section 12-109 - Powers of Authority, County, and Municipal Corporation
Section 12-111 - Authorizing Resolution
Section 12-112 - Manner and Price of Sale of Bonds; Applicability of Local Government Article
Section 12-113 - Payment of Bonds
Section 12-114 - Conclusive Presumption of Finding by Public Body
Section 12-115 - Alternative Procedures for Bond Issuance