(a) The Authority may issue bond anticipation notes secured by a pledge of a line of credit extended to the State under the federal Transportation Infrastructure Finance and Innovation Act.
(b) Notes issued under this section shall have a maturity date of up to 3 years after the date of issue.
(c) A pledge of a line of credit as authorized under this section does not constitute the pledge of future federal revenues, and notes issued under this section are not subject to § 3–601(d) of this article or § 4–320 of this subtitle.
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