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§ 4-320-1 — Maryland Law | CourtGPT
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  5. Title 4 - Revenue Facilities/
  6. Subtitle 3 - Financing of Projects/
  7. § 4-320-1
Maryland Legal Code

§ 4-320-1

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(a) The Authority may issue bond anticipation notes secured by a pledge of a line of credit extended to the State under the federal Transportation Infrastructure Finance and Innovation Act. (b) Notes issued under this section shall have a maturity date of up to 3 years after the date of issue. (c) A pledge of a line of credit as authorized under this section does not constitute the pledge of future federal revenues, and notes issued under this section are not subject to § 3–601(d) of this article or § 4–320 of this subtitle.