By one or more resolutions of the Secretary, the Department may:
(1) Finance the cost of transportation facilities;
(2) Borrow money from time to time for that purpose; and
(3) Evidence the borrowing by the issuance and sale of bonds, notes, or other evidences of obligation on the terms, conditions, and limitations contained in this subtitle.
Structure Maryland Statutes
Title 3 - Financing by Department
Subtitle 2 - Consolidated Transportation Bonds
Section 3-201 - General Power to Borrow Money and Issue Evidences of Obligation
Section 3-202 - Power to Issue Bonds
Section 3-204 - Execution of Bonds
Section 3-205 - Bonds and Other Evidences of Obligation Are Investment Securities
Section 3-206 - Exemption From 8-206 and 8-208 of State Finance and Procurement Article
Section 3-207 - Approval by Board of Public Works
Section 3-208 - Refunding Bonds
Section 3-209 - Interim Certificates and Temporary Bonds
Section 3-210 - Bond Anticipation Notes
Section 3-211 - Revenue Anticipation Notes
Section 3-212 - Exemption From Taxation
Section 3-213 - Full Faith and Credit Not Pledged
Section 3-214 - Termination of Power to Issue Obligations Under Certain Other Laws
Section 3-215 - Tax to Pay Principal and Interest; Sinking Fund