Section 12-112 - Manner and price of sale of bonds; applicability of Article 31. - Maryland Statutes

§ 12-112. Manner and price of sale of bonds; applicability of Article 31.
 

(a)  Bond sales.-  

(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)  Applicability.- A bond is not subject to the limitations of Article 31, §§ 9, 10, and 11 of the Code. 
 

[An. Code 1957, art. 41, § 14-106(d); 2008, ch. 306, § 2.]