Welcome. Thank you for visiting Buy Maryland Bonds.
From time to time, based on market conditions, the State of Maryland offers Maryland residents first priority to purchase general obligation bonds through a retail sale. The State’s most recent retail sale was on July 18, 2014 and July 21, 2014, when $50,385,000 of General Obligation Bonds, State and Local Facilities Loan of 2014, Second Series A, were sold.
Proceeds of general obligation bonds are expected to be used for a variety of public purposes and play a critical role in how Maryland finances capital projects throughout the State; however, Maryland does not use general obligation bond proceeds to close budget gaps or to fix cash flow problems. You can see what these bonds finance as you drive throughout the State and see the construction of State facilities, the construction by local governments of public schools, community colleges, and jails and correctional facilities, and the construction of hospitals, cultural and other projects. In fact, since 2007, Maryland has used more than 60% of the proceeds of its general obligation bonds to finance the construction of public schools and higher education facilities in the State. I believe that these investments in education have contributed to the 2013 recognition by Education Week of Maryland's public education system as the highest ranking in the country for the fifth year in a row.
Maryland’s general obligation bonds are secured by the full faith and credit of the State, which currently carries a Aaa rating from Moody's Investors Service and a AAA rating from each of Standard and Poor's and Fitch Ratings. The State of Maryland General Obligation Bonds, State and Local Facilities Loan of 2014, Second Series, is Maryland’s most recent bond sale to receive a Aaa rating from Moody’s Investors Service and a AAA rating from each of Standard & Poor’s and Fitch Ratings. More details on Maryland’s general obligation bond ratings can be found here.
Continuing financial information for the State of Maryland general obligation bonds is available at http://www.treasurer.state.md.us/debtmanagement/continuing-disclosure.aspx and at http://emma.msrb.org, where market activity related to the bonds may also be found. General information on municipal bonds can be accessed at the Municipal Securities Rulemaking Board's Education Center, http://emma.msrb.org/EducationCenter/EducationCenter.aspx
Thank you again for learning about Maryland’s general obligation bonds. Though the timing could change, the next public sale of general obligation bonds for the State of Maryland is expected in February 2015. The State Treasurer’s Office will assess market conditions at that time to determine if a retail component should be included. To learn about future sales, periodically visit this site.