WILLIAM DONALD SCHAEFER, Governor                            Ch. 3

10-205.

(a)     In accordance with and subject to the principle that, if there is substantial
State financial support for the planned rapid rail mass transit system in one metropolitan
area of this State, there should be substantial State financial support for the planned
rapid rail mass transit system in the other metropolitan area of this State, and subject to
the appropriation requirements and budgetary provisions of § 3-216(d) of this article, the
Department shall provide for grants to the Washington Suburban Transit District in an
amount equal to the current expenditures required of the Washington Suburban Transit
District in accordance with capital contributions agreements between the Washington
Metropolitan Area Transit Authority, the Washington Suburban Transit District, and
other participating jurisdictions. The Washington Suburban Transit District shall consult
with the Secretary of Transportation prior to the execution of any capital contributions
agreement. Expenditures required of the Washington Suburban Transit District for
projects and programs not included in the "Adopted Regional System - 1968" revised as
of January 1, [1980] 1992, are only eligible for State funding in accordance with
subsection (d) of this section.

(b)     (1) Subject to the appropriation requirements and budgetary provisions of §
3-216(d) and upon receipt of an approval of a grant application in such form and detail
as the Secretary shall reasonably require, the Department shall provide for annual grants
to the Washington Suburban Transit District for a share of the operating deficits of the
regional transit system for which the District is responsible. "Operating deficit" means
operating costs less:

(i) The greater of operating revenues or 50 percent of the operating
costs; and

(ii) All federal operating assistance.

(2) The Department's share shall equal [75] 100 percent of the operating
deficit.

(c)     Subject to the appropriation requirements and budgetary provision of §
3-216(d) of this article, the Department shall provide for grants to the Washington
Suburban Transit District in an amount equal to 75 percent of the net debt service
assigned to the Washington Suburban Transit District on [revenue] bonds issued by the
Washington Metropolitan Area Transit Authority [prior to July 1, 1979]. IN NO
EVENT SHALL THE AMOUNT OF NET DEBT SERVICE, INCLUDING THE
REFINANCING OF ANY DEBT, REQUIRED OF THE WASHINGTON
SUBURBAN TRANSIT DISTRICT EXCEED THE AMOUNT PRESENTLY
ASSIGNED ON A YEAR BY YEAR BASIS TO THE WASHINGTON SUBURBAN
TRANSIT DISTRICT, AND PAYABLE THROUGH THE YEAR 2014. NOTHING IN
THIS ARTICLE SHALL PRECLUDE THE USE OF BOND PROCEEDS FOR
CAPITAL IMPROVEMENTS AND REPLACEMENTS OF THE "ADOPTED
REGIONAL SYSTEM - 1968" REVISED AS OF JANUARY 1, 1992.

(d)     A grant by the Department to the Washington Suburban Transit District in
excess of the provisions of subsection (a) of this section may be made only after approval
by the Secretary.

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