Maryland Statutes
Part III - Authorization and Implementation
Section 8-118 - General Powers and Duties of Board

(a)    The Board shall exercise the powers and perform the duties that the General Assembly delegates to the Board in connection with:
        (1)    the creation of State debt;
        (2)    the determination of interest on and other terms and conditions of the State debt;
        (3)    the preparation of State bonds that evidence the State debt;
        (4)    notice of a sale of State bonds; and
        (5)    the sale.
    (b)    The Board shall exercise these powers and perform these duties in accordance with:
        (1)    Article III, § 34 of the Maryland Constitution;
        (2)    §§ 8-117 through 8-124 of this subtitle; and
        (3)    the specific enabling act.