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103
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MARVIN MANDEL, Governor
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its revenue obligations for highway facilities and other
transportation facilities projects under Title 4,
Subtitle 3 of this article, the Authority does not intend
to issue any more obligations under these sections of
Art. 89B. Therefore, they have been decodified and now
appear in Section 3 of Ch. 608, Acts of 1976.
(3) Former Art. 89B, §§ 141 through 162.
These sections authorized the State Roads Commission to
issue "John F. Kennedy Memorial Highway Revenue Bonds".
By former Art. 94A, §3 - now Section 1 of Ch. 608, Acts
of 1976 — the authorization to issue these revenue
obligations was transferred to the Maryland
Transportation Authority. However, for the reasons noted
in item (2) above, the Authority does not intend to issue
any more obligations under these sections of Art. 89B.
Therefore, they have been decodified and now appear in
Section 4 of Ch. 608, Acts of 1976.
(4) Article 89B, §§ 189 through 205A and §§
209 through 211—G. These sections authorized the
issuance of "State Highway Construction Bonds", First,
Second, and Third Issues. The power to issue any tore
obligations under these sections terminated with the
first issue of Consolidated Transportation Bonds dated
July 15, 1973; in this regard, see former Art. 94A, §10,
now §3-214 of this title. Therefore, these sections of
Art. 89B have been decodified and now appear in Section 5
of Ch. 608, Acts of 1976.
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The following related provisions have been repealed
by Ch. 608, Acts of 1976, as obsolete and no longer
necessary:
(1) Article 62B, §§ 10 through 17. These
sections related to the revenue bond financing of the
Hawkins Point Port Facility. Since all bonds issued
under these sections have been redeemed and the trust
indenture released, the provisions are no longer
necessary. Any new revenue bonds to finance port
facilities would be issued by the Maryland Transportation
Authority under Title 4, Subtitle 3 of this article.
(2) Article 64B, §§ 15 through 22 and §24.
These sections authorized the former Metropolitan Transit
Authority (now the Mass Transit Administration) to issue
revenue obligations to finance its transit programs. By
former Art. 94A, §3 — now Section 1 of Ch. 608, Acts of
1976 - the authorization to issue these obligations was
transferred to the Maryland Transportation Authority. No
obligations ever have been issued under these provisions.
Furthermore, in light of its general authorization to
issue its revenue obligations for transit facilities and
other transportation facilities projects under Title 4,
Subtitle 3 of this article, the Maryland Transportation
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