The Maryland Transportation Authority shall take whatever steps may be necessary to obtain a modification of the trust agreement, dated as of July 1, 1978, between the Authority and Maryland National Bank, as trustee, to permit free access to and from the John F. Kennedy Memorial Highway from the ramps in Harford County and Cecil County. Upon the execution of this modification of the trust agreement, and after the cost of obtaining this modification has been recouped by the State through the accumulated revenues produced by the ramp tolls on the Kennedy Highway in Harford County and Cecil County, the Authority shall eliminate the ramp tolls on the Kennedy Highway in Harford County and Cecil County and may not thereafter charge or collect tolls at these ramps.
Structure Maryland Statutes
Subtitle 3 - Financing of Projects
Section 4-301 - General Power to Borrow Money and Issue Evidences of Obligation
Section 4-302 - Power to Issue Revenue Bonds and Determine Related Matters
Section 4-303 - Execution of Bonds
Section 4-304 - Bonds and Other Evidences of Obligation Are Investment Securities
Section 4-305 - Exemption From 8-206 and 8-208 of State Finance and Procurement Article
Section 4-306 - Other Approval Not Required; Exceptions
Section 4-307 - Additional Bonds
Section 4-308 - Revenue Refunding Bonds
Section 4-309 - Interim Certificates and Temporary Bonds
Section 4-310 - Bond Anticipation Notes
Section 4-311 - Trust Agreement Securing Bonds
Section 4-311.1 - Vehicle Parking Facility Financing
Section 4-312 - Charges for Transportation Facilities Projects
Section 4-312.1 - Elimination of Ramp Tolls on Kennedy Highway in Harford and Cecil Counties
Section 4-313 - Transportation Authority Fund
Section 4-314 - Construction of Subtitle
Section 4-316 - Remedies of Bondholder and Trustee
Section 4-317 - Bonds and Other Evidences of Obligation Are Legal Investments
Section 4-318 - Exemption From Taxation
Section 4-319 - Full Faith and Credit Not Pledged