Maryland HB229 increases the revenue bond limit for the Maryland Transportation Authority.
Maryland HB229 amends the Maryland Transportation Authority's revenue bond limit, allowing for an increase in the amount of outstanding and unpaid revenue bonds. Specifically, the bill raises the cap from $4 billion to $5 billion, effective June of any year. This change applies to revenue bonds secured by toll revenue and those from prior issues. The bill also allows the Authority to issue bonds to refinance transportation facility projects without General Assembly approval.
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- Core Provisions
- Implementation
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- Legal Framework
- Critical Issues
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