Marvin Mandel, Governor                        1185

13.

(a)    Preparation of plan.—The [Authority] Administration, in
conformance with said policy, and in conjunction with the Secre-
tary of Transportation shall prepare a plan for financing the con-
struction, acquisition, and operation of transit facilities specified in
a transit plan, any part or project, or any alteration, revision or
amendment thereof. Such plan of financing shall specify the transit
facilities to be constructed or acquired, the estimated cost thereof,
the principal amount of revenue bonds, equipment trust certificates,
and other evidences of debt proposed to be issued, the principal terms
and provisions of all loans; such terms of the underlying agreements
and indentures as the [Authority] Administration may deem per-
tinent, estimated operating expenses and revenue attributable to the
transit facilities to be financed and the source or sources and the
method or methods for the payment of the principal and interest on
such bonds and obligations and for providing funds to cover the
remaining costs and estimated operating deficits, if any. The plan
shall not become final or effective until approved by the Secretary of
Transportation. No transit facilities specified in a transit plan or in
any revision, alteration or amendment thereof, however, may be
constructed or acquired and no commitments or obligations may be
incurred by the [Authority] Administration in connection there-
with until the necessary funds are available or provision has been
made therefor pursuant to the provisions of Article 94A of this Code.

(b)    Participation in plan of financing.—Subject to constitutional
limitations, the State and the component governments are author-
ized to make grants to the [Authority] Administration, to guarantee
any obligations of the [Authority] Administration, to make con-
tributions to meet any operating expenses and to enter into contracts
with the [Authority] Administration, any lender, or any trustee
under an indenture or loan agreement entered into by the [Author-
ity] Administration with respect thereto, but the [Authority]
Administration shall have no power to impose any commitments or
obligations upon any such government and may not levy any tax
unless authorized by law to do so. All funds received by the Admin-
istration pursuant to this section shall be held as provided in Article
94A of this Code.

18.

(a) Power to fix, etc., rentals, fees, etc.—The [Authority] Ad-
ministration may fix, revise, charge and collect rentals, rates, fees
or other charges for the use of its transit facilities, and contract
with any person, partnership, association, or corporation desiring
the use of any part of a project and its appurtenances for any
proper purpose, and fix the terms, conditions, rentals and rates of
charges for such use. Rentals and other rates, fees and charges
shall be fixed and adjusted in respect to the aggregate thereof from
the projects under the control of the [Authority] Administration
to provide funds sufficient with other revenues, if any, (i) to pay
the [Authority's] Administration's current expenses if and to the
extent that the monies available under the provisions of Section 14
of this article are insufficient for this purpose, (ii) to pay the prin-
cipal of and the interest on all revenue bonds issued under this
article as they become due and payable (iii) to create reserves for
these purposes, and (iv) to provide funds for paying the cost of re-
newals or replacements, the cost of acquiring or installing equip-