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Terms Used In Maryland Code, STATE FINANCE AND PROCUREMENT 8-133

  • state: means :

    (1) a state, possession, territory, or commonwealth of the United States; or

    (2) the District of Columbia. See
(a) The source of payment for the principal of and interest on each State bond that is sold as part of a State and local facilities loan shall be as provided in the enabling act under which the State bond is issued.

(b) This section does not affect any exemption from taxation provided by law.