Maryland · Maryland Code — Transportation Article
Md. Code, Transp. § 3-517: (a) Before it sells any bonds under this subtitle, the Department shall enter into an agreement with each participating county as required by this section
What this law says, in plain English
The Department must enter agreements with counties before issuing bonds on their behalf. Agreements specify repayment terms, revenue sources for repayment, and other conditions; counties may pledge highway user revenues to secure the bonds.
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