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2022 Maryland Statutes
Transportation
Title 4 - Revenue Facilities
Subtitle 3 - Financing of Projects
Section 4-320.1 - Bond Anticipation Notes
Universal Citation: MD. Transportation Code § 4-320.1 (2022)
(a) The Authority may issue bond anticipation notes secured by a pledge of a line of credit extended to the State under the federal Transportation Infrastructure Finance and Innovation Act.
(b) Notes issued under this section shall have a maturity date of up to 3 years after the date of issue.
(c) A pledge of a line of credit as authorized under this section does not constitute the pledge of future federal revenues, and notes issued under this section are not subject to § 3–601(d) of this article or § 4–320 of this subtitle.
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