Ch. 6

2007 Laws of Maryland

(3)     (I) For any calendar year, the motor fuel tax
rates may not be increased by more than 1 cent per gallon over the
rates in effect for the preceding calendar year,

(II) if there is no increase in the annual percentage
growth in the construction cost index, the motor fuel tax rates
shall be the tax rates in effect for the preceding calendar year.

(4)     The Comptroller shall require any person
possessing tax paid motor fuel for sale at the start of business on
the date of any increase in the motor fuel tax under this subsection
to compile and file an inventory of the motor fuel held at the close
of business on the preceding date and remit within 30 days any
additional motor fuel tax that is due on the motor fuel.

(C) (1) in this section, "construction cost index" means an
index published monthly by the engineering news record that is a
weighted aggregate index of the prices of constant quantities of
structural steel, portland cement, lumber, and common labor.

(2) On or before October 15 of each year, the
Comptroller shall determine and announce:

(I) the annual percentage growth in the

construction cost index based on the change in the index reported
from the preceding october through the current october index;

AND

(H) THE MOTOR FUEL TAX RATES EFFECTIVE JANUARY 1 OF
THE NEXT CALENDAR YEAR.

Article - Transportation

3-202.

(a)       The Department from time to time may issue its bonds on behalf of this
State to finance the cost of any one or more or combination of transportation facilities.

(b)       The bonds shall be known as "consolidated transportation bonds" and
may be issued in any amount as long as the aggregate outstanding and unpaid
principal balance of these bonds and bonds of prior issues does not exceed at any one
time the sum of [$2.0] $3.0 $2.0 billion OF $2.6 BILLION.

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