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§ 4-205. Powers and duties of Authority

West's Annotated Code of MarylandTransportationEffective: July 1, 2019

West's Annotated Code of Maryland
Transportation
Title 4. Revenue Facilities (Refs & Annos)
Subtitle 2. Maryland Transportation Authority (Refs & Annos)
Effective: July 1, 2019
MD Code, Transportation, § 4-205
§ 4-205. Powers and duties of Authority
Currentness
In general
(a) Subject to § 4-306 of this title and in addition to the powers otherwise specifically granted by law, the Authority has the powers described in this section.
Acquisition, holding, and disposal of property
(b) The Authority may acquire, hold, and dispose of property in the exercise of its powers and performance of its duties.
Contracts and agreements
(c)(1) Subject to the limitations described in paragraph (2) of this subsection, the Authority may make any contracts and agreements necessary or incidental to the exercise of its powers and performance of its duties.
(2) Not less than 45 days before entering into any contract or agreement to acquire or construct a revenue-producing transportation facilities project, subject to § 2-1257 of the State Government Article, the Authority shall provide, to the Senate Budget and Taxation Committee, the House Committee on Ways and Means, and the House Appropriations Committee, for review and comment, and to the Department of Legislative Services, a description of the proposed project, a summary of the contract or agreement, and a financing plan that details:
(i) The estimated annual revenue from the issuance of bonds to finance the project; and
(ii) The estimated impact of the issuance of bonds to finance the project on the bonding capacity of the Authority.
Compensation of employees and agents
(d)(1) Subject to paragraph (2) of this subsection, the Authority may employ and fix the compensation of attorneys, consulting engineers, accountants, construction and financial experts, superintendents, managers, and any other agents and employees that it considers necessary to exercise its powers and perform its duties. The compensation established by the Authority for executive management positions shall be consistent with the compensation of comparable positions in the Department of Transportation. The compensation established by the Authority shall be reported to the General Assembly each year as part of the Authority's presentation of its budget.
(2) The expense of employing these persons may be paid only from revenues or from the proceeds of revenue bonds issued by the Authority.
Receipt of federal grants
(e) The Authority may apply for and receive grants from any federal agency for the planning, construction, operation, or financing of any transportation facilities project and may receive aid or contributions of money, property, labor, or other things of value from any source, to be held, used, and applied for the purposes for which the grants, aid, and contributions are made.
Rules and regulations
(f) The Authority may adopt rules and regulations to carry out the provisions of this title.
Actions necessary and convenient for carrying out powers
(g) The Authority may do anything else necessary or convenient to carry out the powers granted in this title.

Credits

Added by Acts 1977, c. 13, § 2, eff. July 1, 1977. Amended by Acts 1982, c. 283; Acts 1989, c. 831; Acts 1991, c. 55, § 6; Acts 1997, c. 635, § 9, eff. July 1, 1997; Acts 1997, c. 636, § 9, eff. July 1, 1997; Acts 2004, c. 430, § 1, eff. June 1, 2004; Acts 2005, c. 471, § 1, eff. June 1, 2005; Acts 2005, c. 472, § 1, eff. June 1, 2005; Acts 2007, c. 383, § 1, eff. Oct. 1, 2007; Acts 2010, c. 640, § 1, eff. June 1, 2010; Acts 2010, c. 641, § 1, eff. June 1, 2010; Acts 2019, c. 8, § 5.
Formerly Art. 89B, §§ 126, 144.
MD Code, Transportation, § 4-205, MD TRANS § 4-205
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