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Ch. 443 2006 LAWS OF MARYLAND
SUBTITLE 4. MASS TRANSIT ACCOUNT.
3-401.
(A) THERE IS A MASS TRANSIT ACCOUNT IN THE TRANSPORTATION TRUST
FUND.
(B) ALL REVENUES DISTRIBUTED TO THE TRANSPORTATION TRUST FUND
UNDER § 2-1302.2 OF THE TAX—GENERAL ARTICLE SHALL BE CREDITED TO THE
MASS TRANSIT ACCOUNT.
(C) FUNDS FROM THE MASS TRANSIT ACCOUNT MAY ONLY BE USED TO FUND:
(1) CAPITAL AND OPERATING EXPENSES OF THE WASHINGTON
METROPOLITAN AREA TRANSIT AUTHORITY (WMATA), INCLUDING ADDITIONAL
FUNDING FOR THE MAINTENANCE AND IMPROVEMENT OF THE TRANSPORTATION
SYSTEM OF WMATA CONSISTENT WITH;
(I) LEGISLATION ENACTED BY CONGRESS PROVIDING ADDITIONAL
FEDERAL GRANTS TO WMATA FOR THE MAINTENANCE AND IMPROVEMENT OF THE
TRANSPORTATION SYSTEM; AND
(II) LEGISLATION PASSED BY THE COUNCIL OF THE DISTRICT OF
COLUMBIA AND THE VIRGINIA GENERAL ASSEMBLY DEDICATING REVENUES FOR
THE SAME PURPOSE;
(2) CAPITAL AND OPERATING EXPENSES OF THE MARYLAND TRANSIT
ADMINISTRATION; AND
(3) GRANTS TO LOCAL JURISDICTIONS FOR MASS TRANSIT CAPITAL AND
OPERATING EXPENSES.
(D) (1) THIS SECTION MAY NOT BE CONSTRUED TO REQUIRE THAT THE
MASS TRANSIT ACCOUNT BE THE SOLE SOURCE OF FUNDING FOR THE CAPITAL AND
OPERATING EXPENSES OF THE MARYLAND TRANSIT ADMINISTRATION, THE CAPITAL
AND OPERATING EXPENSES OF WMATA, OR LOCAL GRANTS TO LOCAL JURISDICTIONS
FOR MASS TRANSIT CAPITAL AND OPERATING EXPENSES.
(2) THE REVENUES CREDITED TO THE MASS TRANSIT ACCOUNT UNDER
THIS SECTION ARE IN ADDITION TO AND MAY NOT SUPPLANT ANY FUNDS WITHIN
THE TRANSPORTATION TRUST FUND NECESSARY TO PAY THE PROJECTED MASS
TRANSIT OPERATING AND CAPITAL COSTS IDENTIFIED IN THE DEPARTMENT'S
APPROVED CONSOLIDATED TRANSPORTATION PROGRAM FOR FISCAL YEARS 2006
THROUGH 2011.
SECTION 3. AND BE IT FURTHER ENACTED, That it is the intent of the
General Assembly that the Washington Metropolitan Area Transit Authority
(WMATA) Board of Directors should study and adopt the following improvements to
WMATA's financial planning and business practices:
(1) after consultation with stakeholders and the funding jurisdictions,
complete a strategic plan that:
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