Maryland Code, TRANSPORTATION 7-305
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Terms Used In Maryland Code, TRANSPORTATION 7-305
- 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.
The Administration may not construct, acquire, or incur a commitment or obligation in connection with any transit facilities specified in a transit plan until the necessary funds are available or provision has been made for the funds under Title 3 or 4 of this article.