1. (a) The Authority may issue bond anticipation notes secured by a pledge of a line of credit extended to the State under the federal Transportation Infrastructure Finance and Innovation Act.
2. (b) Notes issued under this section shall have a maturity date of up to 3 years after the date of issue.
3. (c) A pledge of a line of credit as authorized under this section does not constitute the pledge of future federal revenues, and notes issued under this section are not subject to § 3-601(d) of this article or § 4-320 of this subtitle.

Added by Acts 2008, c. 567, § 1, eff. July 1, 2008.