Bill > SB188

This bill, proposed for Maryland, aims to increase the maximum amount of certain revenue bonds that the Maryland Transportation Authority (MDTA) can have outstanding and unpaid on June 30th each year. Specifically, it raises this limit from $4 billion to $5 billion. Revenue bonds are a type of debt instrument used by government entities to finance specific projects, often repaid from the revenue generated by those projects, such as tolls. The MDTA is the state agency responsible for operating and maintaining many of Maryland's transportation facilities, including toll roads, bridges, and tunnels. This increase in the bonding limit would provide the MDTA with greater financial capacity to fund future transportation infrastructure projects. The bill also clarifies that this increased limit is subject to reductions based on any loans or lines of credit the state draws from the federal Transportation Infrastructure Finance and Innovation Act (TIFIA), a federal program that provides loans and credit assistance for transportation projects. The bill is set to take effect on July 1, 2026.

Budget and Finance

Budget and Taxation (Senate)

https://mgaleg.maryland.gov/mgawebsite/Legislation/Details/SB0188?ys=2026RS