|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
117
|
|
|
|
|
MARVIN MANDEL, Governor
|
|
|
|
|
|
|
|
|
|
|
|
|
|
§3 of the Code (now Section 1 of Ch. 608, Acts
of 1976); (2) the provisions granting even
broader authority to the Authority, as
presently contained in Art. 41, §208C(b) and
(c) of the Code (deleted as obsolete, as
explained in the General Reviser's Note to
this title); and (3) the definitional
substitution of the Authority for references
to the State Roads Commission, as contained in
§7 (a) of Section 3 and §3(a) of Section 4, Ch.
608, Acts of 1976.
Although the revision of this article conforms
all references to reflect the various
transfers of authority noted, obsolete
references may remain in other articles of the
Code as well as in various rules, regulations,
forms, and the like. For this reason, this
section is added.
For similar sections relating to the State
Roads Commission, see §§3-102 and 8-207 of
this article.
|
|
|
|
|
|
|
|
|
|
SUBTITLE 3. FINANCING OF PROJECTS.
4-301. GENERAL POWER TO BORROW MONEY AND ISSUE
EVIDENCES OF OBLIGATION.
BY ONE OR MORE RESOLUTIONS, THE AUTHORITY MAY:
(1) FINANCE THE COST OF TRANSPORTATION
FACILITIES PROJECTS;
(2) BORROW MONEY FROM TIME TO TIME FOR THAT
PURPOSE; AND
(3) EVIDENCE THE BORROWING BY THE ISSUANCE
AND SALE OF REVENUE BONDS, NOTES, OF OTHER EVIDENCES OF
OBLIGATION ON THE TERMS, CONDITIONS, AND LIMITATIONS
CONTAINED IN THIS SUBTITLE.
REVISOR'S NOTE: This section is new language derived
without substantive change from those
provisions of Art. 94A, §2 that relate
directly to the Authority.
It has been revised to conform to the similar
provisions of §3-201 of this article, relating
to the power of the Department to issue
Consolidated Transportation Bonds and other
evidences of obligation; see revisor's note to
that section.
4-302. POWER TO ISSUE REVENUE BONDS AND DETERMINE
RELATED MATTERS.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
 |
