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Terms Used In Maryland Code, TRANSPORTATION 4-320.1

  • state: means :

    (1) a state, possession, territory, or commonwealth of the United States; or

    (2) the District of Columbia. See
(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.