§ 3-101. Definitions
West's Annotated Code of MarylandTransportationEffective: April 9, 2024
Effective: April 9, 2024
MD Code, Transportation, § 3-101
§ 3-101. Definitions
(b) “Airport facility”:
(c) “Bonds of prior issues” means:
(d) “Cost”, as applied to any transportation facility, includes the cost of and all expenses incident to the construction, reconstruction, acquisition, improvement, extension, alteration, modernization, planning, maintenance, and repair of the facility, including the cost and expenses of:
(e) “Debt service” means the amount annually needed to pay the maturing principal of and interest on bonds, notes, and other evidences of obligation and to meet sinking fund requirements for these purposes.
(f)(1) In this definition, “highway” and “State highway system” have the meanings stated in § 8-101 of this article.
(2) “Highway facility” includes any one or more or combination of projects involving the rehabilitation and reconstruction of highways in the State highway system to meet present and future needs and the development and construction in new locations of new highways necessitated by traffic demands to become parts of the State highway system, including federally aided highway projects partially funded by this State and all incidental property rights, materials, facilities, and structures.
(g) “Outstanding and unpaid” does not include:
(i)(1) “Railroad facility” includes any one or more or combination of:
(j) “Refunding” means the retirement and cancellation of bonds, including bonds of prior issues, after their acquisition by or for the Department, whether before, at, or after maturity, either in exchange for other bonds or by payment, purchase, or redemption with the proceeds of the sale of other bonds.
(k) “Transit facility” includes any one or more or combination of tracks, rights-of-way, bridges, tunnels, subways, rolling stock, stations, terminals, ports, parking areas, equipment, fixtures, buildings, structures, other real or personal property, and services incidental to or useful or designed for use in connection with the rendering of transit service by any means, including rail, bus, motor vehicle, or other mode of transportation but does not include any railroad facility.
Credits
Added by Acts 1977, c. 13, § 2, eff. July 1, 1977. Amended by Acts 1988, c. 6, § 1; Acts 1992, c. 127, § 2; Acts 2000, c. 670, § 2, eff. July 1, 2000; Acts 2018, c. 628, § 1, eff. July 1, 2018; Acts 2018, c. 629, § 1, eff. July 1, 2018; Acts 2024, c. 2, § 1, eff. April 9, 2024; Acts 2024, c. 3, § 1, eff. April 9, 2024.
Formerly Art. 89B, §§ 29, 2116-1; Art. 94A, § 1.
MD Code, Transportation, § 3-101, MD TRANS § 3-101
Current through legislation effective through May 9, 2024, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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