Maryland · Maryland Code — Transportation Article
Md. Code, Transp. § 4-320: If the Authority intends to pledge any future federal aid from any source to support repayment of any debt instrument issued under this subtitle: (1) The aggregate principal amount of debt issued under this subtitle or Title 3, Subtitle 6 of this article that is secured by a pledge of future federal
What this law says, in plain English
Statute sets financial limits and conditions for pledging future federal aid to secure debt instruments, including a $750 million cap, 12-year maturity limit, and tax pledge requirements for repayment.
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