ANNAPOLIS, Md. (AP) — Maryland officials say the sale of $738.4 million in bonds at super low interest rates will benefit efforts to build more schools, hospitals, prisons and cultural projects at an unusually reduced cost.

State Treasurer Nancy K. Kopp said Wednesday that the Board of Public Works completed the sale of general obligation bonds in three series. Interest rates on the AAA-rated bonds range from 1.69 percent to 2.42 percent.

The Maryland State Treasurer’s Office expects to conduct another bond sale in late July.

(Copyright 2012 by The Associated Press.  All Rights Reserved.)

  1. essexman says:

    Same old story: sell bonds for projects that are never completed and the money wasted. Over the years enough bonds have been sold to rebuild the entire state. Where does all this bond money go? Each year bonds are sold for the same reasons and the projects never end.

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