2009 Regular Session


File Code: State Debt (Bond Bills) Crossfiled with: SENATE BILL 1060
Sponsored By:
Delegate Heller (Chair, Joint Committee on the Management of Public Funds) and Delegates Elmore, Howard, and Levy
General Obligation Bonds - Method of Sale by Board of Public Works


Stating that it is the policy of the State of Maryland that the preferred method for the Board of Public Works to use for the sale of State general obligation bonds is by public, competitive sale; authorizing the Board to use a private, negotiated sale for the sale of State general obligation bonds when the Board determines that extraordinary credit market conditions exist and that terms and conditions of the sale that are more advantageous to the State can be achieved through a private, negotiated sale; etc.

History by Legislative and Calendar Date

Legislative date is used to record history occurring in the Chambers otherwise Calendar date is used.
House Action
First Reading House Rules and Executive Nominations
Motion Rules Suspended for late introduction (Delegate Heller) Adopted (135-0)
Referred House Rules and Executive Nominations
Senate Action
No Action

Sponsored by:

Delegate Henry B. Heller, District 19
Delegate D. Page Elmore, District 38A
Delegate Carolyn J. B. Howard, District 24
Delegate Murray D. Levy, District 28
Management of Public Funds, Joint Committee on the

Bill indexed under the following Subjects:

Public Works, Board of
State Bonds
Tax Credits -see also- Circuit Breaker

Bill affects the following Statutes:

State Finance and Procurement
( 8-121 , 8-124 )


Bill Text (Displayed in PDF Format): First Reading, Third Reading, Enrolled
Fiscal and Policy Note (Displayed in PDF Format): Available
Amendments: None offered
Roll Call Vote (Legislative date is shown):
March 17, 2009: Motion Rules Suspended for late introduction (Heller) Adopted (135-0)