WASHINGTON — The Maryland Board of Public Works approved the sale of $790.3 million of general obligation bonds, Treasurer Nancy Kopp announced.
The bonds will be sold in five series, Kopp said, and will finance a variety of capital projects such as schools and hospitals. Maryland carries a triple-A bond rating from all three major rating agencies on its general obligation bonds, and has maintained that distinction for decades. Maryland is one of eight states to be unanimously triple-A rated. The others are Delaware, Virginia, North Carolina, Georgia, Missouri, Iowa, and Utah.