§8–123.2.

    (a)    In this section, “small denomination bonds” means bonds in denominations of $5,000 or less.

    (b)    In accordance with § 8-121 of this subtitle, the Board, in a resolution setting forth the terms and conditions of any State bond issue, may designate that all or a portion of the State bonds be issued as small denomination bonds.

    (c)    Small denomination bonds may be issued in any form permitted under § 8-121 of this subtitle.

    (d)    The Board may sell small denomination bonds at a negotiated sale if the Board determines that a negotiated sale will:

        (1)    result in either a more efficient or economical sale of the bonds; or

        (2)    provide greater access to investors who are residents of the State of Maryland.