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

Latest version.

   (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 § 19-205 and 19-206 of the Local Government Article.

HISTORY: An. Code 1957, art. 41, § 14-106(d); 2008, ch. 306, § 2; 2013, ch. 136.

                    
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