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Ch. 13
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92
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LAWS OF MARYLAND
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As to the distributions of funds to the
political subdivisions, referred to in
subsection (b) of this section, see Title 8,
Subtitle 4, of this article.
3-216. TRANSPORTATION TRUST FUND.
(A) FUND ESTABLISHED.
THERE IS A TRANSPORTATION TRUST FUND FOR THE
DEPARTMENT.
(B) COMPOSITION OF FUND.
EXCEPT AS OTHERWISE EXPRESSLY PROVIDED BY STATUTE,
THERE SHALL BE CREDITED TO THE TRANSPORTATION TRUST
FUND FOR THE ACCOUNT OF THE DEPARTMENT ALL TAXES, FEES,
CHARGES, AND REVENUES COLLECTED OR RECEIVED BY OR PAID,
APPROPRIATED, OR CREDITED TO THE ACCOUNT OF THE
DEPARTMENT OR ANY OF ITS UNITS IN THE EXERCISE OF THEIR
RIGHTS, POWERS, DUTIES, OR OBLIGATIONS, INCLUDING THE
CASH PROCEEDS OF THE SALE OF CONSOLIDATED TRANSPORTATION
BONDS, NOTES, OR OTHER EVIDENCES OF OBLIGATION ISSUED BY
THE DEPARTMENT, ANY GENERAL FUND APPROPRIATIONS, AND THE
PROCEEDS OF ANY STATE LOAN OR FEDERAL GRANT MADE FOR
TRANSPORTATION PURPOSES.
(C) SPECIAL SINKING FUND ACCOUNTS.
(1) THERE SHALL BE MAINTAINED IN THE
TRANSPORTATION TRUST FUND ONE OR MORE SINKING FUND
ACCOUNTS TO WHICH SHALL BE CREDITED AND FROM WHICH SHALL
BE PAID, FROM THE PROCEEDS OF THE TAXES LEVIED AND
IMPOSED FOR THAT PURPOSE OR FROM ANY OTHER FUNDS OF THE
DEPARTMENT, AMOUNTS SUFFICIENT AT ALL TIMES TO MEET THE
DEBT SERVICE ON ALL BONDS OF PRIOR ISSUES AND
CONSOLIDATED TRANSPORTATION BONDS FROM TIME TO TIME
OUTSTANDING AND UNPAID.
(2) THE GASOLINE AND MOTOR VEHICLE REVENUE
ACCOUNT AND THE DRIVER EDUCATION ACCOUNT SHALL BE
MAINTAINED IN THE TRANSPORTATION TRUST FUND.
(D) OTHER USES OF FUND.
(1) AFTER MEETING ITS DEBT SERVICE
REQUIREMENTS, THE DEPARTMENT MAY USE THE FUNDS IN THE
TRANSPORTATION TRUST FUND FOR ANY LAWFUL PURPOSE RELATED
TO THE EXERCISE OF ITS RIGHTS, POWERS, DUTIES, AND
OBLIGATIONS.
(2) EXPENDITURES UNDER THIS SUBSECTION SHALL
BE MADE IN ACCORDANCE WITH ANY APPROPRIATION PROVIDED FOR
IN ANY APPLICABLE BUDGET BILL OR SUPPLEMENTARY
APPROPRIATION BILL. HOWEVER, AN APPROPRIATION PROPOSED
TO BE MADE TO ANY UNIT IN THE DEPARTMENT OR PROPOSED TO
BE MADE FOR ANY DESIGNATED TRANSPORTATION ACTIVITY,
FUNCTION, OR UNDERTAKING THAT HAS BEEN REDUCED BY THE
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