Maryland · Maryland Code — Transportation Article
Md. Code, Transp. § 4-314: (a) Without in any way limiting or restricting its effect or application, this subtitle is intended to authorize the Authority to finance any one or more or any combination of transportation facilities projects by any one or more or combination of issues or series of bonds secured by the pledge of t
What this law says, in plain English
This statute authorizes a transportation authority to issue bonds secured by revenues from transportation projects, and permits surplus revenues to pay bond obligations and fund transportation infrastructure.
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