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2013 Maryland Code
TRANSPORTATION
§ 3-201 - General power to borrow money and issue evidences of obligation


MD Transp Code § 3-201 (2013) What's This?

§3-201.

By one or more resolutions of the Secretary, the Department may:

(1) Finance the cost of transportation facilities;

(2) Borrow money from time to time for that purpose; and

(3) Evidence the borrowing by the issuance and sale of bonds, notes, or other evidences of obligation on the terms, conditions, and limitations contained in this subtitle.

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