Maryland Statutes
Part V - State Revenue Anticipation Notes
Section 8-138 - Authorized

Subject to the limitations in this Part V of this subtitle, and at the direction of the Board, the Treasurer may borrow money, on the credit of the State, in anticipation of:
        (1)    tax receipts, as set forth in the revenue estimates that support an enacted State budget; or
        (2)    proceeds of a sale of State bonds.