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Subtitle 1 - Definitions; General Provisions
Section 3-101 - Definitions - (a) In this title the following words have the meanings...
Section 3-102 - Continuation and Change of Resolution, Rules, Forms, Orders, and Directives; Certain References to Maryland Port Authority or State Roads Commission - As to bonds of prior issues: (1) Every resolution, rule,...
Section 3-103 - Department of Transportation Bonds - (a) (1) In this section the following words have the...
Section 3-104 - Sinking Fund - (a) (1) In this section the following words have the...
Subtitle 2 - Consolidated Transportation Bonds
Section 3-201 - General Power to Borrow Money and Issue Evidences of Obligation - By one or more resolutions of the Secretary, the Department...
Section 3-202 - Power to Issue Bonds - (a) The Department from time to time may issue its...
Section 3-203 - Procedure to Issue; Contents of Resolution; Postponement of Time for Receipt of Proposals - (a) The resolution authorizing the issuance of consolidated transportation bonds...
Section 3-204 - Execution of Bonds - (a) (1) Consolidated transportation bonds shall be executed on behalf...
Section 3-205 - Bonds and Other Evidences of Obligation Are Investment Securities - Notwithstanding any other provision of law or any recitals in...
Section 3-206 - Exemption From 8-206 and 8-208 of State Finance and Procurement Article - The bonds, notes, and other evidences of obligation issued under...
Section 3-207 - Approval by Board of Public Works - Each issue of consolidated transportation bonds shall be approved before...
Section 3-208 - Refunding Bonds - (a) The Department from time to time may issue its...
Section 3-209 - Interim Certificates and Temporary Bonds - Before the preparation of definitive bonds, the Department may issue...
Section 3-210 - Bond Anticipation Notes - (a) The Department may issue its bond anticipation notes, payable...
Section 3-211 - Revenue Anticipation Notes - (a) With the approval of the Board of Public Works,...
Section 3-212 - Exemption From Taxation - The bonds, notes, and other evidences of obligation issued under...
Section 3-213 - Full Faith and Credit Not Pledged - The bonds, notes, and other evidences of obligation issued under...
Section 3-214 - Termination of Power to Issue Obligations Under Certain Other Laws - The State of Maryland covenants with the holders of all...
Section 3-215 - Tax to Pay Principal and Interest; Sinking Fund - (a) (1) For the purpose of paying the principal of...
Section 3-216 - Transportation Trust Fund - (a) There is a Transportation Trust Fund for the Department....
Section 3-217 - Restriction on Transferring Funds in Transportation Trust Fund to General Fund or Special Fund; Repayment - (a) Any funds in the Transportation Trust Fund transferred or...
Subtitle 3 - County Transportation Bonds
Section 3-301 - Definitions - (a) In this subtitle the following words have the meanings...
Section 3-302 - Purposes of Subtitle - The purposes of this subtitle are to enable the counties...
Section 3-303 - Bonds Authorized - (a) Subject to the limitations of this subtitle, the Department...
Section 3-304 - Participation of Counties - (a) Subject to the provisions of § 3-307 of this...
Section 3-305 - Determination of Amount; Subsequent Procedure - (a) After notification by the county, the Department shall determine...
Section 3-306 - Limitations on Issuance - (a) The Department may not issue bonds on behalf of...
Section 3-307 - Agreement Between Department and County - (a) Before it sells any bonds, the Department and the...
Section 3-308 - Extraordinary Withholding by Comptroller - In any fiscal year, if the county fails to levy...
Section 3-309 - Bonds Are Departmental Debt - Bonds issued under this subtitle are the obligations of the...
Section 3-310 - Provisions for Payment of Bonds - (a) In this section, “government obligations” means direct obligations of,...
Subtitle 5 - County Transportation Revenue Bonds
Section 3-501 - Definitions - (a) In this subtitle the following words have the meanings...
Section 3-502 - Purpose of Subtitle - The purpose of this subtitle is to authorize the Department...
Section 3-503 - Bonds Authorized - (a) Subject to the limitations of this subtitle, the Department...
Section 3-504 - Resolution Authorizing Issuance of Bonds; Postponement of Time for Receipt of Proposals; Execution of Bonds - (a) A resolution authorizing the issuance of bonds under this...
Section 3-505 - Bonds Are Investment Securities - Notwithstanding any other provision of law or any recitals in...
Section 3-506 - Exemption From 8-206 and 8-208 of State Finance and Procurement Article - Bonds issued under this subtitle and their issuance and sale...
Section 3-507 - Interim Certificates and Temporary Bonds - Before the preparation of definitive bonds, the Department may issue...
Section 3-508 - Bond Anticipation Notes - (a) The Department may issue bond anticipation notes under this...
Section 3-509 - Exemption From Taxation - Bonds issued under this subtitle, their transfer, the interest payable...
Section 3-510 - Bonds Authorized by Trust Agreements - (a) Bonds under this subtitle may be authorized by trust...
Section 3-511 - Consent of Instrumentality, Agency, or Unit of State Not Required - The Department may issue bonds under this subtitle: (1) Without...
Section 3-512 - Provisions for Payment of Bonds - (a) The bonds shall be payable solely from the revenues...
Section 3-513 - Bonds Not Debt of State or Department; Full Faith and Credit Not Pledged; Obligation of Participating Counties - (a) Bonds issued under this subtitle are not debt of...
Section 3-514 - Participation of Counties - (a) Subject to § 3-515 of this subtitle, the Department...
Section 3-515 - Determination of Amount; Subsequent Procedure - (a) After notification by the county, the Department shall determine...
Section 3-516 - Requirements for Participation of Counties - (a) Counties which can demonstrate an ability to pay their...
Section 3-517 - Agreement Between Department and County - (a) Before it sells any bonds under this subtitle, the...
Section 3-518 - Borrowing of Proceeds; Agreements to Participate in Bond Issue; Payment Obligations - (a) Counties may borrow the proceeds of bonds issued under...
Section 3-519 - Revenue Refunding Bonds - (a) The Department may from time to time issue revenue...
Subtitle 6 - Special Bonds and Borrowings
Section 3-601 - Financing the Costs of Transportation Facilities - (a) In order to utilize to the greatest extent possible...
Section 3-602 - Special Transportation Project Revenue Bonds - (a) Bonds issued by the Department under this subtitle shall...
Section 3-603 - Designation as Investment Securities; Exemption From Other Provisions - (a) Notwithstanding any other provision of law or any recitals...
Section 3-604 - Refunding Bonds - (a) The Department from time to time may issue its...
Section 3-605 - Temporary Bonds and Bond Anticipation Notes - (a) Before the preparation of definitive bonds, the Department may...
Section 3-606 - Trust Agreement - (a) (1) Bonds issued under this subtitle may be secured...
Section 3-607 - Exemption From Taxation; Additional Limitations - (a) The bonds, notes, and other evidences of obligation issued...