Maryland · Maryland Code — Transportation Article
Md. Code, Transp. § 3-515: (a) After notification by the county, the Department shall determine the total amount of bonds that it should issue under this subtitle on behalf of participating counties, giving consideration to the amount of revenues from each county available to pay debt service on the bonds
What this law says, in plain English
The Department determines bond issuance amounts for participating counties based on available revenues, notifies counties of the next series amount, and disburses net proceeds after deducting issuance and administrative costs.
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