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2018 Maryland Code
Transportation
Title 3 - Financing by Department
Subtitle 5 - County Transportation Revenue Bonds
§ 3-514. Participation of counties
Universal Citation: MD Transp Code § 3-514 (2018)
(a) Counties may participate. -- Subject to ยง 3-515 of this subtitle, the Department may allow any county in this State to participate in an issue of bonds under this subtitle.
(b) Notice by county. -- On the date designated by the Department, a county that desires to participate shall notify the Department of:
(1) Its desire to participate in the proceeds of the next series of bonds to be issued under this subtitle;
(2) The proposed amount of its participation; and
(3) A description of the revenues to be pledged by the county to pay debt service on the bonds.
(c) Extension of notification date. -- The Department may extend the date for notification when appropriate.
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