1168                               Laws of Maryland                         Ch. 526

of all Consolidated Transportation Bonds from time to time outstand-
ing and unpaid.

(d)    After meeting its debt service requirements, the Depart-
ment may expend the funds from time to time in the Transporta-
tion Trust Fund for any lawful purpose related to the exercise of
its rights, powers, duties, obligations and functions, including, but
not by way of limitation, to provide matching funds to pay the
State's share of the cost of transportation facilities partially
financed with federal funds, to pay the operating expenses of the
Department, except as provided in Section 175 of Article 66½ of
this Code, and to pay the costs of any transportation facilities,
including the maintenance and repair thereof. SUCH EXPENDI-
TURES SHALL BE MADE IN ACCORDANCE WITH APPRO-
PRIATION PROVIDED FOR IN ANY APPLICABLE BUDGET
BILL OR SUPPLEMENTARY APPROPRIATION BILL, PRO-
VIDED THAT NO APPROPRIATION PROPOSED TO BE MADE
TO ANY ADMINISTRATION, AGENCY, BOARD OR COMMIS-
SION INCLUDED WITHIN THE DEPARTMENT OF TRANS-
PORTATION OR PROPOSED TO BE MADE FOR ANY DESIG-
NATED TRANSPORTATION ACTIVITY, FUNCTION OR
UNDERTAKING WHICH HAS BEEN REDUCED BY THE GEN-
ERAL ASSEMBLY SHALL BE SUBJECT TO RESTORATION BY
THE BUDGET AMENDMENT PROCEDURE SET FORTH IN
SECTION 8(E) OF ARTICLE 15A OF THE CODE, AND PRO-
VIDED FURTHER THAT NO APPROPRIATION MADE TO ANY
ADMINISTRATION, AGENCY, BOARD OR COMMISSION IN-
CLUDED WITHIN THE DEPARTMENT OF TRANSPORTATION
OR MADE FOR ANY DESIGNATED TRANSPORTATION AC-
TIVITY, FUNCTION OR UNDERTAKING SHALL BE SUBJECT
TO REDUCTION BY THE BUDGET AMENDMENT PROCE-
DURE SET FORTH IN SAID SECTION 8(E).

(e)    No part of the Transportation Trust Fund shall revert or
be credited to the general funds of the State.

REVENUE BONDS

12. Authority to issue revenue bonds and determine matters re-
lating thereto.

(a)    Without limiting the power of the Authority to issue addi-
tional revenue bonds under the provisions of law which authorize
the issuance of revenue bonds of prior issues, the authority AUTHOR-
ITY is hereby authorized and empowered to provide by resolution
from time to time for the issuance of revenue bonds of the Authority
for the purpose of financing the cost of any one or more or any com-
bination of transportation facilities projects.

(b)    The Authority shall have absolute discretion to determine
with respect to the bonds of any issue: (i) the date or dates of
issue) (ii) the date or dates and amount or amounts of maturity,
provided only that no bond of any issue shall mature later than
forty (40) years from the date of its issue; (iii) the rate or rates
of interest payable thereon and the date or dates of such payment;
(iv) the form or forms, denomination or denominations, manner of
execution (which may be by facsimile) and the place or places of
payment thereof, and of the interest thereon, which may be at any
bank or trust company within or without this State; (v) whether