As of June 30, 1994, Transportation bond debt service requirements for principal and interest in future years
were as follows (amounts expressed in thousands):

			Total
			Transportation
	Consolidated	County	Bond Debt
Years Ending	Transportation	Transportation	Service
June 30	Bonds	Bonds	Requirements
1995..........................................................	$ 98,676	$5,954	$104,630
1996..........................................................	117,138	6,007	123,145
1997..........................................................	131,440	6,055	137,495
1998..........................................................	136,032	5,338	141,370
1999..........................................................	124,063	869	124,932
2000..........................................................	121,772	869	122,641
2001..........................................................	94,985	873	95,858
2002..........................................................	96,807	878	97,685
2003..........................................................	100,915	886	101,801
2004..........................................................	104,212	885	105,097
2005..........................................................	106,236	891	107,127
2006..........................................................	70,728	888	71,616
2007..........................................................	30,849	892	31,741
2008..........................................................	14,924		14,924
2009..........................................................	5,324		5,324

On August 31,1994, Consolidated Transportation Bonds in the amount of $75,000,000 were sold with a discount
of $1,101,000 by the Department. The bonds are dated September 15,1994, with maturity dates ranging from March
1995, to March 2009, at interest rates ranging from 4.25% to 5.5%.

Maryland Transportation Authority Bonds —

The Maryland Transportation Authority (Authority) has issued Transportation Facilities Projects Revenue
Bonds, Series 1985 (Refunding), Series 1991 and 1992, which are payable solely from the revenues of the
transportation facilities projects. Bonds outstanding as of June 30, 1994, are as follows (amounts expressed in
thousands):

Series 1985, Revenue bonds maturing in annual installments from $2,825 to $4,540 from July 1, 1994, through July 1,
2000, with interest rates ranging from 7.75% to 8.65%, payable semiannually.........................................................................	$ 25,290
Series 1985 Revenue Term bonds with interest at 8.8%, payable semiannually, due July 1, 2005 ............................................	11,365
Series 1985 Revenue Term bonds with interest at 7%, payable semiannually, due July 1, 2016 ...............................................	17,795
Series 1991 Revenue bonds, maturing in annual installments from $4,735 to $9,380 from July 1, 1995, to July 1, 2006,
with interest rates ranging from 6% to 6.5%, payable semiannually..........................................................................................	81,000
Series 1992 Revenue bonds, maturing in annual installments from $5,135 to $14,570 from July 1, 1996, to July 1, 2013,
with interest rates ranging from 4.375% to 5.8%, payable semiannually...................................................................................	94,200
Capital appreciation bonds maturing in annual installments of original principal and an accreted amount ranging from
$3,000 to $15,420 from July 1, 2004, to July 1, 2015, with approximate yield to maturity of 6% to 6.35%.........................	45,871
Current interest term bonds with interest payable semiannually at 5.75% due July 1, 2015 .....................................................	27,020
	$302,541

The Series 1985 refunding revenue bonds maturing after July 1, 1995, are subject to redemption, at the
Authority's option, beginning July 1, 1995. The redemption prices range, as a percentage of the principal amount,
from 100% to 102%. A portion of the bonds maturing on July 1, 2005, are subject to redemption beginning in 2001.
The Series 1991 revenue bonds maturing after July 1, 2001 are subject to redemption, at the Authority's option, on
or after July 1, 2001, at redemption prices ranging from 100% to 102% of the principal amount.

A portion of the Series 1992 revenue bonds, $13,130,000 of the current interest term bonds stated to mature on
July 1, 2015, are subject to mandatory sinking fund redemption on July 1, 2014, at a redemption price equal to the
principal amount plus accrued interest. The current interest serial bonds stated to mature on July 1, 2013, and the
balance of the current interest term bonds stated to mature on July 1,2015, are subject to redemption at the option
of the Authority on or after July 1, 2002, without premium. The capital appreciation bonds are not subject to early
redemption. Capital appreciation bonds payable at June 30, 1994, include an accreted amount of $4,975,000.

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