Manner and price of sale of bonds; applicability of Local Government Article

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    (a)    (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)    A bond is not subject to the limitations of §§ 19–205 and 19–206 of the Local Government Article.


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