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§ 7-306. Governmental participation in financing

MD Transp Code § 7-306 (2019) (N/A)
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(a)    Subject to constitutional limitations, this State and its political subdivisions may:

(1)    Make grants to the Administration;

(2)    Guarantee any obligations of the Administration;

(3)    Make contributions to meet any operating expenses of the Administration; and

(4)    Contract with the Administration, any lender, or any trustee under an indenture or loan agreement made by the Administration.

(b)    Unless otherwise authorized by law, the Administration:

(1)    Does not have any power to impose any commitment or obligation on this State or any of its political subdivisions; and

(2)    May not levy any tax.

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