2013 Maryland Code
§ 7-306 - Governmental participation in financing

MD Transp Code § 7-306 (2013) What's This?


(a) Subject to constitutional limitations, this State and its political subdivisions may:

(1) Make grants to the Administration;

(2) Guarantee any obligations of the Administration;

(3) Make contributions to meet any operating expenses of the Administration; and

(4) Contract with the Administration, any lender, or any trustee under an indenture or loan agreement made by the Administration.

(b) Unless otherwise authorized by law, the Administration:

(1) Does not have any power to impose any commitment or obligation on this State or any of its political subdivisions; and

(2) May not levy any tax.

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