Maryland Code, TRANSPORTATION 8-401
Terms Used In Maryland Code, TRANSPORTATION 8-401
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- County: means a county of the State or Baltimore City. See
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
- state: means :
(1) a state, possession, territory, or commonwealth of the United States; or
(2) the District of Columbia. See
(b) “County” does not include Baltimore City.
(c) “Debt service” means the amount annually needed to pay the maturing principal of and interest on bonds, notes, and other evidences of obligation and to meet sinking fund requirements for these purposes.
(c-1) “Eligible municipality” means a municipality authorized by law to construct or maintain streets or roads.
(d) “Highway user revenues” means the capital grants appropriated to Baltimore City, counties, and municipalities under § 8-403(b) of this subtitle.
(e) “Municipality” means any municipal corporation, special taxing district, or other political subdivision of this State other than a county or Baltimore City.