MD SB188

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 up to the new $5 billion cap without requiring consent from other state agencies or additional proceedings

The maximum bond amount must be reduced by any loans or drawn lines of credit extended to the State under the federal Transportation Infrastructure Finance and Innovation Act

Authority may refinance existing transportation facility project bonds without General Assembly approval

Effective date: July 1, 2026