Maryland Code > TRANSPORTATION > Title 3 > Subtitle 5 – County Transportation Revenue Bonds


§ 3-501	Definitions
§ 3-502	Purpose of subtitle
§ 3-503	Bonds authorized
§ 3-504	Resolution authorizing issuance of bonds; postponement of time for receipt of proposals; execution of bonds
§ 3-505	Bonds are investment securities
§ 3-506	Exemption from 8-206 and 8-208 of State Finance and Procurement Article
§ 3-507	Interim certificates and temporary bonds
§ 3-508	Bond anticipation notes
§ 3-509	Exemption from taxation
§ 3-510	Bonds authorized by trust agreements
§ 3-511	Consent of instrumentality, agency, or unit of State not required
§ 3-512	Provisions for payment of bonds
§ 3-513	Bonds not debt of State or Department; full faith and credit not pledged; obligation of participating counties
§ 3-514	Participation of counties
§ 3-515	Determination of amount; subsequent procedure
§ 3-516	Requirements for participation of counties
§ 3-517	Agreement between Department and county
§ 3-518	Borrowing of proceeds; agreements to participate in bond issue; payment obligations
§ 3-519	Revenue refunding bonds

Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
County: means a county of the State or Baltimore City. See
including: means includes or including by way of illustration and not by way of limitation. See
Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
state: means :

(1) a state, possession, territory, or commonwealth of the United States; or

(2) the District of Columbia. See
Trustee: A person or institution holding and administering property in trust.