Maryland · Maryland Code — Transportation Article
Md. Code, Transp. § 4-313: (a) (1) All rentals, rates, fees, tolls, and other charges and revenues derived from any transportation facilities project shall be set aside in a fund known as the “Transportation Authority Fund”, except to the extent that they are pledged under an applicable trust agreement to secure either: (i) R
What this law says, in plain English
This statute establishes a Transportation Authority Fund that receives revenues from transportation projects and pledges those funds to pay bond obligations, interest, and related costs. Surplus funds may be transferred to the Transportation Trust Fund if permitted by bond agreements.
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