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§ 4-320.1. Issuance of bond anticipation notes

West's Annotated Code of MarylandTransportationEffective: July 1, 2008

West's Annotated Code of Maryland
Transportation
Title 4. Revenue Facilities (Refs & Annos)
Subtitle 3. Financing of Projects (Refs & Annos)
Effective: July 1, 2008
MD Code, Transportation, § 4-320.1
§ 4-320.1. Issuance of bond anticipation notes
Currentness
In general
(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.
Maturity date
(b) Notes issued under this section shall have a maturity date of up to 3 years after the date of issue.
Pledge of a line of credit
(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.

Credits

Added by Acts 2008, c. 567, § 1, eff. July 1, 2008.
MD Code, Transportation, § 4-320.1, MD TRANS § 4-320.1
Current through legislation effective through April 9, 2023, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
End of Document