Unannotated Code of Maryland (Last Updated: May 16, 2014) |
TRANSPORTATION |
TITLE 3. FINANCING BY DEPARTMENT |
SUBTITLE 5. COUNTY TRANSPORTATION REVENUE BONDS |
§ 3-502. Purpose of subtitle
Latest version.
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The purpose of this subtitle is to authorize the Department and the counties to establish a financing program, as an alternative to Subtitle 3 of this title, that will enable the counties to finance the cost of transportation facilities without the issuance of State or departmental debt.