Maryland · Maryland Code — Transportation Article
Md. Code, Transp. § 3-503: (a) Subject to the limitations of this subtitle, the Department from time to time may: (1) Issue revenue bonds on behalf of and for the benefit of participating counties; (2) Loan the proceeds of those bonds to the participating counties for use in paying the counties’ cost of transportation facilit
What this law says, in plain English
The Department may issue revenue bonds for participating counties to finance transportation facility costs, with repayment from county revenues pledged for that purpose.
Facing this? Know exactly what happens next.
MOFRD turns this code section into your situation: the deadlines that apply to you, the forms your county uses, and the resolution paths people in your position actually take. Free for 3 days — no card required.
This page is legal information, not legal advice. Code text is sourced from official publications and may lag amendments — always confirm at the official source linked above. Plain-English summaries and relationship data are AI-derived and reviewed on an ongoing basis; verify with a licensed attorney before acting.