Welcome. Thank you for visiting Buy Maryland Bonds.
On December 7, 8, and 9, 2009, the State offered first priority to Maryland residents in the sale of its 2009 Third Series C General Obligation Bonds. The State expects to again offer first priority in one or more future sales of general obligation bonds in 2010. Please continue to visit www.buymarylandbonds.com for further updates.
If you are interested in these bonds, you may want to know what Maryland does with the proceeds from the bond sale, the security for these bonds and the bond ratings. 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, in recent years, 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 2010 recognition of Maryland's public education system as the highest ranking in the country by Education Week for the second straight year.
Maryland’s general obligation bonds are secured by the full faith and credit of the State. At least since the end of the Civil War, the State has paid the principal and interest on its general obligation bonds when due. Maryland’s general obligation bonds also have the highest possible credit ratings. Throughout many economic cycles, Standard and Poor’s has rated the bonds AAA since 1961. Moody’s has assigned the bonds a rating of Aaa since 1973 and Fitch Ratings has rated the bonds AAA since 1993.
Thank you for learning about Maryland’s general obligation bonds. To learn more about future sales, visit this site again in 2010. In addition, other Maryland bond issuers may offer bonds in the interim. To see prospective sales dates, there is a Maryland bond sale calendar at www.treasurer.state.md.us/Bondsalecalendar.htm.
Continuing financial information for the State of Maryland general obligation bonds is available at www.treasurer.state.md.us/DebtMgmt.htm and at http://emma.msrb.org. General information on municipal bonds can be accessed at the Municipal Securities Rulemaking Board's Education Center, http://emma.msrb.org/EducationCenter/EducationCenter.aspx