(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.
Maryland Legal Code