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MD HB229

Bill

Official Source

Status

Engrossed

2/13/2026

Primary Sponsor

Appropriations

Click for details

Origin

House of Delegates

2026 Regular Session

AI Summary

  • Increases the Maryland Transportation Authority's revenue bond limit from $4 billion to $5 billion in outstanding and unpaid principal balance as of June 30 of any year
  • Revenue bonds secured by toll revenue may be issued without obtaining consent from any state instrumentality, agency, or unit
  • The maximum bond limit must be reduced by any loans or lines of credit extended to the State under the federal Transportation Infrastructure Finance and Innovation Act (TIFIA)
  • The Authority may refinance transportation facility project bonds without General Assembly approval
  • Effective date: July 1, 2026

Legislative Description

Maryland Transportation Authority - Revenue Bond Limit - Increase

Revenue and Taxes

Last Action

Referred Budget and Taxation

2/16/2026

Committee Referrals

Budget and Taxation2/16/2026
Appropriations1/14/2026

Full Bill Text

No bill text available