Md. Code Ann., Transp. § 3-201
Authority of Department to issue and sell bonds and notes
Effective Jul 1, 1977Added by Acts 1977, c. 13, § 2, eff. July 1, 1977.State of Maryland
- (1) Finance the cost of transportation facilities;
- (2) Borrow money from time to time for that purpose; and
- (3) Evidence the borrowing by the issuance and sale of bonds, notes, or other evidences of obligation on the terms, conditions, and limitations contained in this subtitle.
By one or more resolutions of the Secretary, the Department may:
Added by Acts 1977, c. 13, § 2, eff. July 1, 1977.
Formerly Art. 94A, § 2.