Maryland Statutes
§ 3-303
Maryland § 3-303
This text of Maryland § 3-303 is published on Counsel Stack Legal Research, covering Maryland primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Md. Code Ann., Transportation § 3-303 (2026).
Text
(a)Subject to the limitations of this subtitle, the Department from time to time may:
(1)Borrow money and evidence the borrowing by the issuance and sale of its bonds in substantially the form and manner and subject to the same general provisions and tax exemption applicable to consolidated transportation bonds under §§ 3-203 through 3-207, 3-212, and 3-213 of this title;
(2)Disburse the proceeds of the borrowing pursuant to agreements with participating counties; and
(3)Pay the principal of and interest on the bonds.
(b)The bonds shall be known as “Department of Transportation -- County Transportation Bonds -- First Issue”.
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Bluebook (online)
Maryland § 3-303, Counsel Stack Legal Research, https://law.counselstack.com/statute/md/gtr/3-303.