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§ 8-403. Calculations for capital grants from the Transportation Trust

West's Annotated Code of MarylandTransportationEffective: July 1, 2022

West's Annotated Code of Maryland
Transportation
Title 8. Highways (Refs & Annos)
Subtitle 4. Highway User Revenues (Refs & Annos)
Effective: July 1, 2022
MD Code, Transportation, § 8-403
§ 8-403. Calculations for capital grants from the Transportation Trust
Fiscal years 2020 through 2023
(a) Subject to subsection (c) of this section, for fiscal years 2020 through 2023, capital grants shall be appropriated from the Transportation Trust Fund as provided in § 3-216 of this article based on the following calculations:
(1) An amount equal to 8.3% of funds credited to the Gasoline and Motor Vehicle Revenue Account shall be appropriated to Baltimore City;
(2) An amount equal to 3.2% of funds credited to the Gasoline and Motor Vehicle Revenue Account shall be appropriated to the counties to be distributed as provided in § 8-404 of this subtitle; and
(3) An amount equal to 2.0% of funds credited to the Gasoline and Motor Vehicle Revenue Account shall be appropriated to the municipalities to be distributed as provided in § 8-405 of this subtitle.
Fiscal year 2024 and each fiscal year thereafter
(b) Subject to subsection (c) of this section, capital grants shall be appropriated from the Transportation Trust Fund as provided in § 3-216 of this article based on the following calculations:
(1) For fiscal year 2024:
(i) An amount equal to 9.5% of funds credited to the Gasoline and Motor Vehicle Revenue Account shall be appropriated to Baltimore City;
(ii) An amount equal to 3.7% of funds credited to the Gasoline and Motor Vehicle Revenue Account shall be appropriated to the counties to be distributed as provided in § 8-404 of this subtitle; and
(iii) An amount equal to 2.4% of funds credited to the Gasoline and Motor Vehicle Revenue Account shall be appropriated to the municipalities to be distributed as provided in § 8-405 of this subtitle;
(2) For fiscal year 2025:
(i) An amount equal to 11% of funds credited to the Gasoline and Motor Vehicle Revenue Account shall be appropriated to Baltimore City;
(ii) An amount equal to 4.3% of funds credited to the Gasoline and Motor Vehicle Revenue Account shall be appropriated to the counties to be distributed as provided in § 8-404 of this subtitle; and
(iii) An amount equal to 2.7% of funds credited to the Gasoline and Motor Vehicle Revenue Account shall be appropriated to the municipalities to be distributed as provided in § 8-405 of this subtitle;
(3) For fiscal year 2026:
(i) An amount equal to 12.2% of funds credited to the Gasoline and Motor Vehicle Revenue Account shall be appropriated to Baltimore City;
(ii) An amount equal to 4.8% of funds credited to the Gasoline and Motor Vehicle Revenue Account shall be appropriated to the counties to be distributed as provided in § 8-404 of this subtitle; and
(iii) An amount equal to 3.0% of funds credited to the Gasoline and Motor Vehicle Revenue Account shall be appropriated to the municipalities to be distributed as provided in § 8 -405 of this subtitle;
(4) For fiscal year 2027:
(i) An amount equal to 12.2% of funds credited to the Gasoline and Motor Vehicle Revenue Account shall be appropriated to Baltimore City;
(ii) An amount equal to 4.8% of funds credited to the Gasoline and Motor Vehicle Revenue Account shall be appropriated to the counties to be distributed as provided in § 8-404 of this subtitle; and
(iii) An amount equal to 3.0% of funds credited to the Gasoline and Motor Vehicle Revenue Account shall be appropriated to the municipalities to be distributed as provided in § 8-405 of this subtitle; and
(5) For fiscal year 2028 and each fiscal year thereafter:
(i) An amount equal to 9.5% of funds credited to the Gasoline and Motor Vehicle Revenue Account shall be appropriated to Baltimore City;
(ii) An amount equal to 3.7% of funds credited to the Gasoline and Motor Vehicle Revenue Account shall be appropriated to the counties to be distributed as provided in § 8-404 of this subtitle; and
(iii) An amount equal to 2.4% of funds credited to the Gasoline and Motor Vehicle Revenue Account shall be appropriated to the municipalities to be distributed as provided in § 8 -405 of this subtitle.
Capital grants only appropriated if sufficient funds available
(c) The capital grants made under this subtitle shall be appropriated only if all debt service requirements and departmental operating expenses have been funded and sufficient funds are available to fund the capital program.

Credits

Added by Acts 2010, c. 484, § 10, eff. June 1, 2010. Amended by Acts 2011, c. 397, § 1, eff. June 1, 2011; Acts 2018, c. 330, § 1, eff. July 1, 2018; Acts 2018, c. 331, § 1, eff. July 1, 2018; Acts 2022, c. 240, § 1, eff. July 1, 2022.
MD Code, Transportation, § 8-403, MD TRANS § 8-403
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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