reglab/housing_qa huggingface dataset:
MD. Transportation Code Ann. §  4-205 (2021)
2021 Maryland Statutes|Transportation|Title 4 - Revenue Facilities|Subtitle 2 - Maryland Transportation Authority|Section 4-205 - General Powers of Authority

    (a)    Subject to § 4–306 of this title and in addition to the powers otherwise specifically granted by law, the Authority has the powers described in this section.    (b)    The Authority may acquire, hold, and dispose of property in the exercise of its powers and performance of its duties.    (c)    (1)    Subject to the limitations described in paragraph (2) of this subsection, the Authority may make any contracts and agreements necessary or incidental to the exercise of its powers and performance of its duties.        (2)    Not less than 45 days before entering into any contract or agreement to acquire or construct a revenue–producing transportation facilities project, subject to § 2–1257 of the State Government Article, the Authority shall provide, to the Senate Budget and Taxation Committee, the House Committee on Ways and Means, and the House Appropriations Committee, for review and comment, and to the Department of Legislative Services, a description of the proposed project, a summary of the contract or agreement, and a financing plan that details:            (i)    The estimated annual revenue from the issuance of bonds to finance the project; and            (ii)    The estimated impact of the issuance of bonds to finance the project on the bonding capacity of the Authority.    (d)    (1)    Subject to paragraph (2) of this subsection, the Authority may employ and fix the compensation of attorneys, consulting engineers, accountants, construction and financial experts, superintendents, managers, and any other agents and employees that it considers necessary to exercise its powers and perform its duties. The compensation established by the Authority for executive management positions shall be consistent with the compensation of comparable positions in the Department of Transportation. The compensation established by the Authority shall be reported to the General Assembly each year as part of the Authority’s presentation of its budget.        (2)    The expense of employing these persons may be paid only from revenues or from the proceeds of revenue bonds issued by the Authority.    (e)    The Authority may apply for and receive grants from any federal agency for the planning, construction, operation, or financing of any transportation facilities project and may receive aid or contributions of money, property, labor, or other things of value from any source, to be held, used, and applied for the purposes for which the grants, aid, and contributions are made.    (f)    The Authority may adopt rules and regulations to carry out the provisions of this title.    (g)    The Authority may do anything else necessary or convenient to carry out the powers granted in this title.
MD. Transportation Code Ann. §  4-206 (2021)
2021 Maryland Statutes|Transportation|Title 4 - Revenue Facilities|Subtitle 2 - Maryland Transportation Authority|Section 4-206 - Power to Condemn Land for Certain Purposes

    Subject to Title 12 of the Real Property Article and Ch. 608, Acts of 1976, the Authority may condemn property for any transportation facilities project authorized to be financed with revenue bonds of prior issues.
MD. Transportation Code Ann. §  4-207 (2021)
2021 Maryland Statutes|Transportation|Title 4 - Revenue Facilities|Subtitle 2 - Maryland Transportation Authority|Section 4-207 - Power to Condemn Land for Certain Purposes -- Exemption of Authority From Taxation

    Except for water and sewer charges imposed by this State or any of its agencies or political subdivisions, the Authority, its activities, and the property it owns or controls are exempt from all taxes, assessments, and charges, whether federal, State, or local, now or subsequently levied or imposed.
MD. Transportation Code Ann. §  4-208.1 (2021)
2021 Maryland Statutes|Transportation|Title 4 - Revenue Facilities|Subtitle 2 - Maryland Transportation Authority|Section 4-208.1 - Maryland Transportation Authority Police Force -- Chief Police Officer

    (a)    The chief police officer of the Maryland Transportation Authority Police Force may appoint employees of the Authority to exercise the powers specified in subsection (b) of this section.    (b)    (1)    An employee appointed under this section may issue citations to the extent authorized by the chief police officer for violations of those provisions of § 5–426 of this article relating to motor vehicle parking at Baltimore–Washington International Thurgood Marshall Airport.        (2)    The issuance of citations under this section shall comply with the requirements of Title 26, Subtitle 3 of this article.    (c)    The chief police officer, in consultation with the Maryland Police Training and Standards Commission, shall adopt regulations establishing:        (1)    Qualifications for employees appointed under this section, including prerequisites of character, training, experience, and education; and        (2)    Standards for the performance of the duties assigned to employees appointed under this section.
MD. Transportation Code Ann. §  4-209 (2021)
2021 Maryland Statutes|Transportation|Title 4 - Revenue Facilities|Subtitle 2 - Maryland Transportation Authority|Section 4-209 - Continuation and Change of Resolutions, Rules, Forms, Orders, and Directives; Certain References to Maryland Port Authority or State Roads Commission

    As to revenue bonds, including revenue bonds of prior issues, and transportation facilities projects:         (1)    Every resolution, rule, regulation, form, order, and directive adopted by or relating to the State Roads Commission remains in effect until changed by the Maryland Transportation Authority; and        (2)    Every reference in this Code, any other law, ordinance, resolution, rule, regulation, order, directive, legal action, contract, or any other document to the State Roads Commission means the Maryland Transportation Authority.
MD. Transportation Code Ann. §  4-210 (2021)
2021 Maryland Statutes|Transportation|Title 4 - Revenue Facilities|Subtitle 2 - Maryland Transportation Authority|Section 4-210 - Financial Forecast

    (a)    Each year, the Authority shall develop and adopt a 6–year financial forecast for the operations of the Authority.    (b)    In accordance with § 2–1257 of the State Government Article, the Authority shall submit to the General Assembly:        (1)    A draft of the financial forecast on submission of the budget bill to the presiding officers of the General Assembly; and        (2)    The financial forecast as approved by the Authority on or before September 1 of each year.    (c)    The financial forecast shall include the following components:        (1)    A schedule of operating expenses;        (2)    A schedule of revenues, including concessions income, investment income, other income, and transfers from the Department;        (3)    A schedule of toll revenues, including the average toll per vehicle, the average toll increase, the number of paid vehicles, and the toll revenue by toll facility by fiscal year;        (4)    A schedule of planned bond issuances, including a detailed summary of bonds issued to fund the capital program and bonds issued to fund capitalized interest;        (5)    A schedule of debt service in each fiscal year for each bond issuance of all debt issued by the Authority, including debt service estimates of planned bond issuances; and        (6)    A summary schedule for the Authority that includes:            (i)    The total cash balance;            (ii)    The amount of the cash balance that is encumbered;            (iii)    The annual cash surplus or deficit;            (iv)    Revenues;            (v)    Transfers to the Department from the Authority;            (vi)    Transfers to the Authority from the Department;            (vii)    Bond sales;            (viii)    Expenditures for debt service;            (ix)    Operating expenses;            (x)    Capital expenses;            (xi)    Maintenance and operations expense reserve accounts;            (xii)    Forecasted bond interest rates;            (xiii)    Total bonds outstanding; and            (xiv)    Financial coverage ratios, including the ratio of total cash to toll revenues, the debt service coverage ratio, and the rate covenant compliance ratio.    (d)    The financial forecast shall include, for each of the components specified in subsection (c) of this section:        (1)    Actual information for the last full fiscal year; and        (2)    Forecasts of the information for each of the 6 subsequent fiscal years, including the current fiscal year, the fiscal year for the proposed budget, and the next 4 subsequent fiscal years.
MD. Transportation Code Ann. §  4-211 (2021)
2021 Maryland Statutes|Transportation|Title 4 - Revenue Facilities|Subtitle 2 - Maryland Transportation Authority|Section 4-211 - Meeting Agenda and Minutes -- Live Video Streaming

    (a)    The Authority shall make publicly available on its website:        (1)    Each open meeting agenda:            (i)    At least 48 hours in advance of each meeting; or            (ii)    If the meeting is being held due to an emergency, a natural disaster, or any other unanticipated situation, as far in advance of the meeting as practicable;        (2)    Meeting minutes from the portions of a meeting that were held in open session, not more than 2 business days after the minutes are approved;        (3)    Live video streaming of each open meeting of the Authority that is held at:            (i)    The headquarters of the Authority; or            (ii)    Any other location where the Authority held at least 10 meetings during the immediately preceding calendar year; and        (4)    A complete and unedited archived video recording of each open meeting for which live video streaming was made available under item (3) of this subsection for a minimum of 5 years after the date of the meeting.    (b)    The Department of Information Technology shall provide to the Authority the technical staff, support, and equipment necessary to livestream the open meetings of the Authority.
MD. Transportation Code Ann. §  4-301 (2021)
2021 Maryland Statutes|Transportation|Title 4 - Revenue Facilities|Subtitle 3 - Financing of Projects|Section 4-301 - General Power to Borrow Money and Issue Evidences of Obligation

    By one or more resolutions, the Authority may:         (1)    Finance the cost of transportation facilities projects;        (2)    Borrow money from time to time for that purpose; and        (3)    Evidence the borrowing by the issuance and sale of revenue bonds, notes, or other evidences of obligation on the terms, conditions, and limitations contained in this subtitle.
MD. Transportation Code Ann. §  4-302 (2021)
2021 Maryland Statutes|Transportation|Title 4 - Revenue Facilities|Subtitle 3 - Financing of Projects|Section 4-302 - Power to Issue Revenue Bonds and Determine Related Matters

    (a)    Except as provided in § 4-306(b) of this subtitle, without limiting the power of the Authority to issue additional revenue bonds under the provisions of law that authorize the issuance of revenue bonds of prior issues, the Authority from time to time may issue its revenue bonds to finance the cost of any one or more or combination of transportation facilities projects.    (b)    As to revenue bonds of any issue, the Authority may determine:        (1)    The date or dates of issue;        (2)    The date or dates and amount or amounts of maturity, which need not be in equal principal amounts or consecutive annual installments, but a bond may not be issued to mature later than 40 years after the date of its issue;        (3)    The rate or rates of interest payable on the bonds, or the manner of determining the rate or rates of interest, and the date or dates of payment of interest;        (4)    The tenor, form or forms, denomination or denominations, manner of execution, and place or places of payment of the principal of and interest on the bonds, which may be at any bank or trust company within or without this State;        (5)    Whether the bonds are to be issued in coupon or registered form or both and whether provision is to be made for the registration of the principal only of coupon bonds, for the reconversion of fully registered bonds into coupon form, and for the replacement of bonds that are mutilated, lost, or destroyed;        (6)    Whether all or any part of the bonds are redeemable before maturity and, if so, the terms, conditions, and prices of redemption; and        (7)    Any other matter relating to the form, terms, conditions, issuance, sale, and delivery of the bonds.
MD. Transportation Code Ann. §  4-303 (2021)
2021 Maryland Statutes|Transportation|Title 4 - Revenue Facilities|Subtitle 3 - Financing of Projects|Section 4-303 - Execution of Bonds

    (a)    (1)    Revenue bonds issued under this subtitle shall be executed on behalf of the Authority by the manual signature of at least one authorized individual.        (2)    Other signatures on the bonds may be either manual or facsimile.    (b)    If an individual whose manual or facsimile signature appears on any bond or coupon issued under this subtitle ceases to serve in an authorized capacity before the delivery of the bond, the signature nevertheless is as valid and sufficient for all purposes as if the individual had remained in that capacity until delivery of the bond.
MD. Transportation Code Ann. §  4-304 (2021)
2021 Maryland Statutes|Transportation|Title 4 - Revenue Facilities|Subtitle 3 - Financing of Projects|Section 4-304 - Bonds and Other Evidences of Obligation Are Investment Securities

    Notwithstanding any other provision of law or any recitals in the instruments, the revenue bonds, notes, and other evidences of obligation issued under this subtitle are investment securities under the laws of this State.
MD. Transportation Code Ann. §  4-305 (2021)
2021 Maryland Statutes|Transportation|Title 4 - Revenue Facilities|Subtitle 3 - Financing of Projects|Section 4-305 - Exemption From 8-206 and 8-208 of State Finance and Procurement Article

    The revenue bonds, notes, and other evidences of obligation issued under this subtitle and their issuance and sale are exempt from the provisions of §§ 8-206 and 8-208 of the State Finance and Procurement Article, and the Authority may sell them at either public or private sale in the manner and for the price that it determines.
MD. Transportation Code Ann. §  4-306 (2021)
2021 Maryland Statutes|Transportation|Title 4 - Revenue Facilities|Subtitle 3 - Financing of Projects|Section 4-306 - Other Approval Not Required; Exceptions

    (a)    Except as provided in subsection (b) of this section, revenue bonds may be issued by the Authority:        (1)    Without obtaining the consent of any instrumentality, agency, or unit of this State; and        (2)    Without any proceedings or the happening of any conditions or things other than those specifically required by this subtitle.    (b)    (1)    (i)    Subject to subparagraph (ii) of this paragraph, revenue bonds secured by toll revenue may be issued in any amount as long as the aggregate outstanding and unpaid principal balance of the revenue bonds secured by toll revenue and revenue bonds of prior issues does not exceed $3,000,000,000 or, in fiscal years 2015 through 2020, $2,325,000,000, on June 30 of any year.            (ii)    The maximum aggregate amount of revenue bonds that may be outstanding and unpaid under subparagraph (i) of this paragraph shall be reduced by the amount of:                1.    Any loan extended to the State under the federal Transportation Infrastructure Finance and Innovation Act; and                2.    Any line of credit extended to the State under the federal Transportation Infrastructure Finance and Innovation Act, to the extent the State draws on the line of credit.        (2)    Except as otherwise provided in this section and § 4–205 of this title, without the approval of the General Assembly, the Authority may issue bonds to refinance all or any part of the cost of a transportation facility project for which the Authority previously issued bonds authorized under this subtitle.
MD. Transportation Code Ann. §  4-307 (2021)
2021 Maryland Statutes|Transportation|Title 4 - Revenue Facilities|Subtitle 3 - Financing of Projects|Section 4-307 - Additional Bonds

    (a)    Subject to the provisions of §§ 4-306(b), 4-320, and 4-321 of this subtitle, if by reason of increased construction costs, error in estimates, or otherwise, the proceeds of the revenue bonds of any issue are less than the amount required for the purpose for which the bonds are authorized, additional revenue bonds may be issued in a similar manner to provide the amount of the deficiency.    (b)    The additional bonds shall be deemed to be of the same issue and shall be entitled to payment from the same fund, without preference or priority, as the bonds first issued. If the proceeds of the additional bonds exceed the amount required, the excess shall be deposited to the credit of any reserve fund for the bonds or, if so provided in the trust agreement securing the bonds, may be applied to the cost of any additional project.
MD. Transportation Code Ann. §  4-308 (2021)
2021 Maryland Statutes|Transportation|Title 4 - Revenue Facilities|Subtitle 3 - Financing of Projects|Section 4-308 - Revenue Refunding Bonds

    (a)    The Authority from time to time may issue its revenue refunding bonds for:        (1)    Refunding any bonds issued under this subtitle or any revenue bonds of prior issues, including the payment of any redemption premium on the bonds and any interest accrued or to accrue to the date of redemption of the bonds;        (2)    Constructing improvements or extensions to or enlargements of any transportation facilities project; and        (3)    Paying all or any part of the cost of any additional transportation facilities project.    (b)    The issuance of revenue refunding bonds, the details of their issuance, the rights of their holders, and the rights, duties, and obligations of the Authority with respect to them are governed by the provisions of this subtitle relating to revenue bonds, insofar as those provisions may be applicable.
MD. Transportation Code Ann. §  4-309 (2021)
2021 Maryland Statutes|Transportation|Title 4 - Revenue Facilities|Subtitle 3 - Financing of Projects|Section 4-309 - Interim Certificates and Temporary Bonds

    Before the preparation of definitive bonds, the Authority may issue its interim certificates or temporary bonds, with or without coupons, exchangeable for definitive bonds when the definitive bonds have been executed and are available for delivery.
MD. Transportation Code Ann. §  4-310 (2021)
2021 Maryland Statutes|Transportation|Title 4 - Revenue Facilities|Subtitle 3 - Financing of Projects|Section 4-310 - Bond Anticipation Notes

    (a)    The Authority may issue its bond anticipation notes, payable to the bearer or registered holder of the notes out of the first proceeds of the next sale of bonds issued under this subtitle.    (b)    The resolution authorizing the issuance of bond anticipation notes may provide for the issuance of these notes in series, as funds are required, and for the renewal of these notes at maturity, with or without resale.    (c)    The issuance of bond anticipation notes, the details of their issuance, the rights of their holders, and the rights, duties, and obligations of the Authority with respect to them are governed by the provisions of this subtitle relating to the issuance of the bonds in anticipation of the sale of which the notes are issued, insofar as those provisions may be applicable.
MD. Transportation Code Ann. §  4-311 (2021)
2021 Maryland Statutes|Transportation|Title 4 - Revenue Facilities|Subtitle 3 - Financing of Projects|Section 4-311 - Trust Agreement Securing Bonds

    (a)    (1)    Revenue bonds issued under this subtitle may be secured by a trust agreement between the Authority and a corporate trustee, which may be any trust company or bank having trust powers within or without this State.        (2)    The trust agreement may pledge or assign all or any part of the revenues of the Authority or of any transportation facilities project, but may not mortgage any part of any transportation facilities project.    (b)    Any trust agreement or bond authorizing resolution may:        (1)    Contain any provisions for the protection and enforcement of the rights and remedies of bondholders as are considered reasonable and proper, including covenants setting forth the duties of the Authority as to the financing or development of any transportation facilities project, the extension, enlargement, improvement, maintenance, operation, repair, and insurance of the project, and the custody, safeguarding, and application of money;        (2)    Provide for the employment of consulting engineers in connection with the construction or operation of any transportation facilities project;        (3)    Set forth the rights and remedies of the bondholders and of the trustee;        (4)    Restrict the individual right of action by bondholders; and        (5)    Contain any other provisions that the Authority considers reasonable and proper for the security of the bondholders, including:            (i)    Covenants to restrict or prohibit the construction or operation of competing transportation facilities of the same mode; and            (ii)    Covenants relating to the issuance of additional parity bonds on stated conditions consistent with the requirements of this subtitle.    (c)    All expenses incurred in carrying out the trust agreement may be treated as a part of the cost of the operation of the transportation facilities project in connection with which the bonds have been issued.    (d)    The proceeds of the sale of bonds shall be paid to the trustee under the trust agreement securing the bonds and shall be disbursed in the manner and under the restrictions, if any, provided in the trust agreement.    (e)    Any bank or trust company incorporated under the laws of this State that acts as depositary of the proceeds of the bonds or of revenues may furnish any indemnifying bonds or pledge any securities that the Authority requires.
MD. Transportation Code Ann. §  4-311.1 (2021)
2021 Maryland Statutes|Transportation|Title 4 - Revenue Facilities|Subtitle 3 - Financing of Projects|Section 4-311.1 - Vehicle Parking Facility Financing

    (a)    This section applies to the financing of a vehicle parking facility not located at a transportation facility, as defined in § 3-101 of this article.    (b)    (1)    Revenues from a vehicle parking facility shall be used to pay all operating and maintenance costs and the service on any debt for each year the debt is outstanding and unpaid.        (2)    Moneys from the Transportation Authority Fund may not be used as a cash investment for a vehicle parking facility.        (3)    The Authority shall give priority to projects that are located within a transit-oriented development area.    (c)    Not less than 30 days before entering into any contract or agreement to finance a vehicle parking facility, the Authority shall provide, in accordance with § 2-1246 of the State Government Article, to the Senate Budget and Taxation Committee and the House Appropriations Committee information on the proposed contract or agreement, including the level of any State, local, and private contributions.    (d)    The Authority shall adopt regulations specifying:        (1)    The types of vehicle parking facilities for which the Authority may provide financing;        (2)    The basic standards an entity must meet to qualify for vehicle parking facility financing; and        (3)    The criteria upon which the Authority shall base the financing decisions for vehicle parking facilities.