Bill > HB229

This bill, by increasing the limit on certain revenue bonds that the Maryland Transportation Authority (MDTA) can have outstanding and unpaid on June 30 each year from $4 billion to $5 billion, allows the MDTA to borrow more money to fund transportation projects. Revenue bonds are a type of debt instrument used by government entities to finance public projects, and in this case, they are secured by toll revenue. This increase is subject to a reduction if the State receives loans or draws on lines of credit from the federal Transportation Infrastructure Finance and Innovation Act (TIFIA), a federal program that provides loans and credit assistance for transportation projects. The bill also clarifies that the MDTA can issue bonds to refinance existing transportation facility projects without General Assembly approval, except as otherwise specified. This Act is set to take effect on July 1, 2026.

Budget and Finance

Appropriations (House)

https://mgaleg.maryland.gov/mgawebsite/Legislation/Details/HB0229?ys=2026RS