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2017 Maryland Code
Transportation
Title 3 - Financing by Department
Subtitle 2 - Consolidated Transportation Bonds
§ 3-217. Restriction on transferring funds in Transportation Trust Fund to General Fund or special fund; repayment.
Universal Citation: MD Transp Code § 3-217 (2017)
- (a) In general. -- Any funds in the Transportation Trust Fund transferred or diverted from that Fund to the General Fund or a special fund shall be repaid within 5 years after the transfer or diversion as follows:
- (1) At least 10 percent of a transfer or diversion in a fiscal year shall be repaid in the first fiscal year after the transfer or diversion;
- (2) A cumulative total of at least 30 percent of a transfer or diversion in a fiscal year shall be repaid within 2 fiscal years after the transfer or diversion;
- (3) A cumulative total of at least 55 percent of a transfer or diversion in a fiscal year shall be repaid within 3 fiscal years after the transfer or diversion;
- (4) A cumulative total of at least 80 percent of a transfer or diversion in a fiscal year shall be repaid within 4 fiscal years after the transfer or diversion; and
- (5) A cumulative total of 100 percent of a transfer or diversion in a fiscal year shall be repaid within 5 fiscal years after the transfer or diversion.
- (b) Exclusions. -- This section does not apply to a distribution of highway user revenues to counties, municipalities, and Baltimore City under ยง 8-403 of this article.
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