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§ 7-306. Financial assistance from State and political subdivisions

West's Annotated Code of MarylandTransportation

West's Annotated Code of Maryland
Transportation
Title 7. Mass Transit (Refs & Annos)
Subtitle 3. Transit Plans and Financing (Refs & Annos)
MD Code, Transportation, § 7-306
§ 7-306. Financial assistance from State and political subdivisions
Currentness
In general
(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.
Imposition of commitment, obligation, or tax
(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.

Credits

Added by Acts 1977, c. 13, § 2, eff. July 1, 1977.
Formerly Art. 64B, § 13.
MD Code, Transportation, § 7-306, MD TRANS § 7-306
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.
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