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Current as of January 01, 2025 | Updated by Findlaw Staff
(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.
(b) Notes issued under this section shall have a maturity date of up to 3 years after the date of issue.
(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.
Cite this article: FindLaw.com - Maryland Code, Transportation § 4-320.1 - last updated January 01, 2025 | https://codes.findlaw.com/md/transportation/md-code-trans-sect-4-320-1/
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