|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ch. 13
|
|
|
|
|
318
|
|
|
|
|
|
LAWS OF MARYLAND
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
is required by present §13 (a) in a financing
plan, including the transit facilities to be
constructed or acquired, their estimated
capital cost, operating expenses, and
revenues, and a "plan of financing the capital
costs and operation of the transit
facilities". While certain specifics of
present Art. 64B, §13(a) as to proposed
revenue bonds and loans are not covered
expressly by §7—301, the Administration no
longer has the authority to issue revenue
bonds or other obligations; in this regard,
see General Revisor's Note to this title.
7-306. GOVERNMENTAL PARTICIPATION IN FINANCING.
(A) STATE AND POLITICAL SUBDIVISIONS MAY
PARTICIPATE.
SUBJECT TO CONSTITUTIONAL LIMITATIONS, THIS STATE
AND ITS POLITICAL SUBDIVISIONS MAY:
(1) MAKE GRANTS TO THE ADMINISTRATION;
(2) GUARANTEE ANY OBLIGATIONS OF THE
ADMINISTRATION;
(3) MAKE CONTRIBUTIONS TO MEET ANY OPERATING
EXPENSES OF THE ADMINISTRATION; AND
(4) CONTRACT WITH THE ADMINISTRATION, ANY
LENDER, OR ANY TRUSTEE UNDER AN INDENTURE OR LOAN
AGREEMENT MADE BY THE ADMINISTRATION.
(B) ADMINISTRATION MAY NOT IMPOSE OBLIGATIONS ON
STATE OR ITS SUBDIVISIONS OR LEVY ANY TAX.
UNLESS OTHERWISE AUTHORIZED BY LAW, THE
ADMINISTRATION:
(1) DOES NOT HAVE ANY POWER TO IMPOSE ANY
COMMITMENT OR OBLIGATION ON THIS STATE OR ANY OF ITS
POLITICAL SUBDIVISIONS; AND
(2) MAY NOT LEVY ANY TAX.
REVISOR'S NOTE: This section presently appears as
the first sentence of Art. 64B, §13(b).
The only changes are in style.
The last sentence of present Art. 64B, §13(b),
relating to the treatment of funds received by
the Administration, is deleted as unnecessary
in light of §3-216 of this article.
7-307. REVIEW OF RAPID TRANSIT PLANS BY GENERAL ASSEMBLY.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
 |
