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Session Laws, 1968
Volume 683, Page 714   View pdf image
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714                             LAWS OF MARYLAND                       CH. 447

(a)  [(d)] Service of state highway construction bonds.

First, [Next,] to the extent required for debt service on state
highway construction bonds pursuant to Sections 189 to 210, both
inclusive, of this article.

(b)  [(e)] For construction.

The balance, together with any monies transferred from the Motor
Vehicle Revenue Fund under subsection (1) of Section 38 of this
article, shall constitute a construction fund for the performance, to
the extent necessary, of valid and subsisting contracts heretofore
entered into by the Commission and for the construction or recon-
struction of a project or projects as defined in this subtitle; pro-
vided that no expressway shall be constructed to serve a traffic
volume of less than an average of 5,000 vehicles per day, and no
controlled access arterial highway shall be constructed to serve a
traffic volume of less than an average of 3,000 vehicles per day,
such traffic volumes to have been determined over a period of one
year prior to the initiation of the project by procedures heretofore
used by the State Roads Commission to establish densities of traffic.

[(f) Transfer to Motor Vehicle Revenue Fund for maintenance
purposes.—In any fiscal year when the distribution to the State
Roads Commissions (Commission) (under Sec. 38 of Article 89-B
of the Annotated Code of Maryland) from the Motor Vehicle Rev-
enue Fund (created by Sec. 341 of Article 66½ of such Code is
insufficient to maintain properly the State highway system, the
State Roads Commission, with the consent of the Governor, and
under the provisions of Sec. 8 of Article 15A of such Code, may
in any fiscal year, transfer from the Construction Fund described
in this section, to the Motor Vehicle Revenue Fund, a sum not to
exceed, twelve million dollars ($12,000,000.00) in such fiscal year,
such funds, when so transferred, to be used for the maintenance
and operation of the State highway system.]

(c) [(g)] The State Roads Commission with the consent of the
Governor and under the provisions of Section 8 of Article 15A may,
in any fiscal year, transfer from the Construction Fund prescribed
in this section to a "County Highway Construction Fund," which is
hereby established, a sum equal to such amount of Federal Aid
Secondary Highway Funds that may become available from the
Bureau of Public Roads and that may be allocated by the State
Roads Commission to the several counties and that may subse-
quently be released by such counties to the State Roads Commission
for use on the State Highway System. Such County Highway Con-
struction Fund shall be subject to apportionment by the State Roads
Commission and matching construction funds shall be required of
each such county participating in such program. Such County High-
way Construction Fund and such matching funds shall be expended
only for highway construction and reconstruction projects under
such rules and regulations as the Commission shall determine.

(d) [(h-1)] Definitions.

Municipality as used herein means any incorporated town, city
or village within the State of Maryland entitled to receive Federal-
Aid Urban Funds.

 

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Session Laws, 1968
Volume 683, Page 714   View pdf image
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