Bill > HB1070

This bill, the Maryland Toll Rate Reform Act of 2024, makes several key changes: 1. It requires the Maryland Transportation Authority to transfer $75 million annually to the Transportation Trust Fund, starting in 2025, until a total of $750 million has been transferred. This transfer can only occur after the Authority has met its existing financial obligations. 2. It increases the Authority's revenue bond cap from $3 billion to $3.75 billion, allowing it to issue more bonds to finance transportation projects. 3. It authorizes the Authority to offer toll discounts to daily commuters and Maryland E-ZPass account holders under certain circumstances. The bill aims to provide additional funding for the state's transportation infrastructure while also offering some relief to regular toll road users through the discount program.