Maryland · Maryland Code — Transportation Article
Md. Code, Transp. § 3-306: (a) The Department may not issue bonds on behalf of a county if the county’s share of highway user revenues for the latest fiscal year is less than twice its annual debt service on county highway construction bonds and county transportation bonds
What this law says, in plain English
The Department cannot issue bonds for a county unless its highway user revenues are at least double its annual debt service on highway and transportation bonds. The Department sets maximum bond amounts and may limit county participation based on transportation needs.
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