MD TRANSPORTATION 8-504

Maryland Transportation Code Section 8-504 (2023) - Sources of Matching Funds for Federal Acts (a) (1) Each political subdivision of this State may raise funds to obtain the benefits of the federal acts by: (i) Issuing bonds, interim certificates, and other evidences of debt or obligation; and (ii) Taxation. (2) Bonds may be issued under this subsection notwithstanding any debt or other limitation set by any other law. (b) If federal funds available to this State under the federal acts are allocable to a political subdivision of this State, but the political subdivision has not provided for necessary matching funds in any other manner permitted by this subtitle, the Administration, the State Treasurer, and the State Comptroller may authorize the political subdivision to use its share of h...