Maryland 2025 Regular Session

Maryland Senate Bill SB881 Compare Versions

Only one version of the bill is available at this time.

Old	New	Differences
1	1
2	2
3	3	EXPLANATION: CAPITALS INDICATE MAT TER ADDED TO EXISTIN G LAW.
4	4	[Brackets] indicate matter deleted from existing law.
5	5	sb0881
6	6
7	7	SENATE BILL 881
8	8	R2, Q4, Q6 5lr2918
9	9	CF 5lr2916
10	10	By: Senator Rosapepe
11	11	Introduced and read first time: January 28, 2025
12	12	Assigned to: Budget and Taxation and Finance
13	13
14	14	A BILL ENTITLED
15	15
16	16	AN ACT concerning 1
17	17
18	18	Transportation – Regional Transportation Authorities 2
19	19
20	20	FOR the purpose of imposing certain transportation authority sales tax surcharges, hotel 3
21	21	surcharges, and transfer tax surcharges; establishing the Baltimore Region, Capital 4
22	22	Region, and Southern Maryland Region transportation authorities to develop and 5
23	23	implement certain transportation plans; establishing the Baltimore Region, Capital 6
24	24	Region, and Southern Maryland Region transportation funds as special, nonlapsing 7
25	25	funds; requiring interest earnings of the funds to be credited to the funds; 8
26	26	authorizing a transportation authority to issue certain bonds payable from certain 9
27	27	revenues; and generally relating to regional transportation authorities. 10
28	28
29	29	BY repealing and reenacting, without amendments, 11
30	30	Article – State Finance and Procurement 12
31	31	Section 6–226(a)(2)(i) 13
32	32	Annotated Code of Maryland 14
33	33	(2021 Replacement Volume and 2024 Supplement) 15
34	34
35	35	BY repealing and reenacting, with amendments, 16
36	36	Article – State Finance and Procurement 17
37	37	Section 6–226(a)(2)(ii)204. and 205. 18
38	38	Annotated Code of Maryland 19
39	39	(2021 Replacement Volume and 2024 Supplement) 20
40	40
41	41	BY adding to 21
42	42	Article – State Finance and Procurement 22
43	43	Section 6–226(a)(2)(ii)206., 207., and 208. 23
44	44	Annotated Code of Maryland 24
45	45	(2021 Replacement Volume and 2024 Supplement) 25
46	46
47	47	BY repealing and reenacting, without amendments, 26
48	48	Article – Tax – General 27 2 SENATE BILL 881
49	49
50	50
51	51	Section 1–101(a) 1
52	52	Annotated Code of Maryland 2
53	53	(2022 Replacement Volume and 2024 Supplement) 3
54	54
55	55	BY adding to 4
56	56	Article – Tax – General 5
57	57	Section 1–101(c–1), (d–1), and (t–1) and 11–104(l) 6
58	58	Annotated Code of Maryland 7
59	59	(2022 Replacement Volume and 2024 Supplement) 8
60	60
61	61	BY repealing and reenacting, with amendments, 9
62	62	Article – Tax – General 10
63	63	Section 2–1303 and 11–102 11
64	64	Annotated Code of Maryland 12
65	65	(2022 Replacement Volume and 2024 Supplement) 13
66	66
67	67	BY repealing and reenacting, with amendments, 14
68	68	Article – Tax – Property 15
69	69	Section 13–201 and 13–202 16
70	70	Annotated Code of Maryland 17
71	71	(2019 Replacement Volume and 2024 Supplement) 18
72	72
73	73	BY repealing and reenacting, without amendments, 19
74	74	Article – Tax – Property 20
75	75	Section 13–203(a) 21
76	76	Annotated Code of Maryland 22
77	77	(2019 Replacement Volume and 2024 Supplement) 23
78	78
79	79	BY adding to 24
80	80	Article – Tax – Property 25
81	81	Section 13–203(c) and 13–209(j) 26
82	82	Annotated Code of Maryland 27
83	83	(2019 Replacement Volume and 2024 Supplement) 28
84	84
85	85	BY adding to 29
86	86	Article – Transportation 30
87	87	Section 10.5–101 through 10.5–413 to be under the new title “Title 10.5. Regional 31
88	88	Transportation Authorities” 32
89	89	Annotated Code of Maryland 33
90	90	(2020 Replacement Volume and 2024 Supplement) 34
91	91
92	92	SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF MARYLAND, 35
93	93	That the Laws of Maryland read as follows: 36
94	94
95	95	Article – State Finance and Procurement 37
96	96
97	97	6–226. 38 SENATE BILL 881 3
98	98
99	99
100	100
101	101	(a) (2) (i) 1. This subparagraph does not apply in fiscal years 2024 1
102	102	through 2028. 2
103	103
104	104	2. Notwithstanding any other provision of law, and unless 3
105	105	inconsistent with a federal law, grant agreement, or other federal requirement or with the 4
106	106	terms of a gift or settlement agreement, net interest on all State money allocated by the 5
107	107	State Treasurer under this section to special funds or accounts, and otherwise entitled to 6
108	108	receive interest earnings, as accounted for by the Comptroller, shall accrue to the General 7
109	109	Fund of the State. 8
110	110
111	111	(ii) The provisions of subparagraph (i) of this paragraph do not apply 9
112	112	to the following funds: 10
113	113
114	114	204. Victims of Domestic Violence Program Grant Fund; [and] 11
115	115
116	116	205. the Proposed Programs Collaborative Grant Fund; 12
117	117
118	118	206. THE BALTIMORE REGION TRANSPORTATION FUND; 13
119	119
120	120	207. THE CAPITAL REGION TRANSPORTATION FUND; AND 14
121	121
122	122	208. THE SOUTHERN MARYLAND TRANSPORTATION 15
123	123	FUND. 16
124	124
125	125	Article – Tax – General 17
126	126
127	127	1–101. 18
128	128
129	129	(a) In this article the following words have the meanings indicated. 19
130	130
131	131	(C–1) “BALTIMORE REGION ” HAS THE MEANING STAT ED IN § 10.5–101 OF THE 20
132	132	TRANSPORTATION ARTICLE. 21
133	133
134	134	(D–1) “CAPITAL REGION” HAS THE MEANING STAT ED IN § 10.5–201 OF THE 22
135	135	TRANSPORTATION ARTICLE. 23
136	136
137	137	(T–1) “SOUTHERN MARYLAND REGION ” HAS THE MEANING STAT ED IN § 24
138	138	10.5–301 OF THE TRANSPORTATION ARTICLE. 25
139	139
140	140	2–1303. 26
141	141
142	142	(A) After making the distributions required under §§ 2–1301 through 2–1302.4 of 27
143	143	this subtitle, the Comptroller shall pay: 28
144	144	4 SENATE BILL 881
145	145
146	146
147	147	(1) revenues from the hotel surcharge into the Dorchester County 1
148	148	Economic Development Fund established under § 10–130 of the Economic Development 2
149	149	Article; 3
150	150
151	151	(2) FROM THE REVENUES FR OM THE TRANSPOR TATION AUTHORITY 4
152	152	SURCHARGE ESTABLISHE D UNDER § 11–102(C)(1) OF THIS ARTICLE THAT ARE 5
153	153	ATTRIBUTABLE TO RETA IL SALES IN THE BALTIMORE REGION OR U SES, IN THE 6
154	154	BALTIMORE REGION , OF TANGIBLE PERSONAL PROPERTY, A DIGITAL CODE , A 7
155	155	DIGITAL PRODUCT , OR A TAXABLE SERVI CE: 8
156	156
157	157	(I) 70% TO THE BALTIMORE REGION TRANSPORTATION FUND 9
158	158	ESTABLISHED UNDER § 10.5–109 OF THE TRANSPORTATION ARTICLE; AND 10
159	159
160	160	(II) 30% TO THE COUNTIES AND MUNICIPALITIES WITHI N THE 11
161	161	BALTIMORE REGION DIST RIBUTED IN PROPORTIO N TO THE RETAIL SALE S IN THE 12
162	162	COUNTIES AND MUNICIP ALITIES OR USES, IN THE COUNTIES OR M UNICIPALITIES, OF 13
163	163	TANGIBLE PERSONAL PR OPERTY, A DIGITAL CODE , A DIGITAL PRODUCT , OR A 14
164	164	TAXABLE SERVICE ; 15
165	165
166	166	(3) FROM THE REVENUES FR OM THE TRANSPORTATIO N AUTHORITY 16
167	167	HOTEL SURCHARGE ESTA BLISHED UNDER § 11–102(C)(2) OF THIS ARTICLE THAT 17
168	168	ARE ATTRIBUTABLE TO THE TRANSPORTATION A UTHORITY HOTEL SURCH ARGE IN 18
169	169	THE BALTIMORE REGION : 19
170	170
171	171	(I) 70% TO THE BALTIMORE REGION TRANSPORTATION FUND 20
172	172	ESTABLISHED UNDER § 10.5–109 OF THE TRANSPORTATION ARTICLE; AND 21
173	173
174	174	(II) 30% TO THE COUNTIES AND MUNICIPALITIES WITHI N THE 22
175	175	BALTIMORE REGION DIST RIBUTED IN PROPORTIO N TO THE TRANSPORTAT ION 23
176	176	AUTHORITY HOTEL SURC HARGE FROM THE COUNT IES AND MUNICIPALITI ES; 24
177	177
178	178	(4) FROM THE REVENUES FR OM THE TRANSPORTATIO N AUTHORITY 25
179	179	SURCHARGE ESTABLISHE D UNDER § 11–102(C)(1) OF THIS ARTICLE THAT ARE 26
180	180	ATTRIBUTABLE TO RETA IL SALES IN THE CAPITAL REGION OR USE S, IN THE 27
181	181	CAPITAL REGION, OF TANGIBLE PERSONAL PROPERTY, A DIGITAL CODE, A DIGITAL 28
182	182	PRODUCT, OR A TAXABLE SERVICE : 29
183	183
184	184	(I) 70% TO THE CAPITAL REGION TRANSPORTATION FUND 30
185	185	ESTABLISHED UNDER § 10.5–209 OF THE TRANSPORTATION ARTICLE; AND 31
186	186
187	187	(II) 30% TO THE COUNTIES AND MUNICIPALITIES WITHI N THE 32
188	188	CAPITAL REGION DISTRI BUTED IN PROPORTION TO THE RETAIL SALES IN THE 33
189	189	COUNTIES AND MUNICIP ALITIES OR USES, IN THE COUNTIES OR MUNICIPALITIES , OF 34 SENATE BILL 881 5
190	190
191	191
192	192	TANGIBLE PERSONAL PR OPERTY, A DIGITAL CODE , A DIGITAL PRODUCT , OR A 1
193	193	TAXABLE SERVICE ; 2
194	194
195	195	(5) FROM THE REVENUES FR OM THE TRANSPORTATIO N AUTHORITY 3
196	196	HOTEL SURCHARGE ESTA BLISHED UNDER § 11–102(C)(2) OF THIS ARTICLE THAT 4
197	197	ARE ATTRIBUTABLE TO THE TRANSPORTATIO N AUTHORITY HOTEL SU RCHARGE IN 5
198	198	THE CAPITAL REGION: 6
199	199
200	200	(I) 70% TO THE CAPITAL REGION TRANSPORTATION FUND 7
201	201	ESTABLISHED UNDER § 10.5–209 OF THE TRANSPORTATION ARTICLE; AND 8
202	202
203	203	(II) 30% TO THE COUNTIES AND MUNICIPALITIES WITHI N THE 9
204	204	CAPITAL REGION DISTRIBUTED I N PROPORTION TO THE TRANSPORTATION 10
205	205	AUTHORITY HOTEL SURC HARGE FROM THE COUNT IES AND MUNICIPALITI ES; 11
206	206
207	207	(6) FROM THE REVENUES FR OM THE TRANSPORTATIO N AUTHORITY 12
208	208	SURCHARGE ESTABLISHE D UNDER § 11–102(C)(1) OF THIS ARTICLE THAT ARE 13
209	209	ATTRIBUTAB LE TO RETAIL SALES I N THE SOUTHERN MARYLAND REGION OR US ES, 14
210	210	IN THE SOUTHERN MARYLAND REGION , OF TANGIBLE PERSONAL PROPERTY, A 15
211	211	DIGITAL CODE, A DIGITAL PRODUCT , OR A TAXABLE SERVICE : 16
212	212
213	213	(I) 70% TO THE SOUTHERN MARYLAND REGION 17
214	214	TRANSPORTATION FUND ESTABLISHED UNDER § 10.5–309 OF THE 18
215	215	TRANSPORTATION ARTICLE; AND 19
216	216
217	217	(II) 30% TO THE COUNTIES AND MUNICIPALITIES WITHI N THE 20
218	218	SOUTHERN MARYLAND REGION DISTR IBUTED IN PROPORTION TO THE RETAIL 21
219	219	SALES IN THE COUNTIE S AND MUNICIPALITIES OR USES, IN THE COUNTIES OR 22
220	220	MUNICIPALITIES, OF TANGIBLE PERSONAL PROPERTY, A DIGITAL CODE, A DIGITAL 23
221	221	PRODUCT, OR A TAXABLE SERVICE ; 24
222	222
223	223	(7) FROM THE REVENUES FR OM THE TRANSPORTATIO N AUTHORITY 25
224	224	HOTEL SURCHARGE ESTA BLISHED UNDER § 11–102(C)(2) OF THIS ARTICLE THAT 26
225	225	ARE ATTRIBUTABLE TO THE TRANSPORTATION AUTHO RITY HOTEL SURCHARGE IN 27
226	226	THE SOUTHERN MARYLAND REGION : 28
227	227
228	228	(I) 70% TO THE SOUTHERN MARYLAND REGION 29
229	229	TRANSPORTATION FUND ESTABLISHED UNDE R § 10.5–309 OF THE 30
230	230	TRANSPORTATION ARTICLE; AND 31
231	231
232	232	(II) 30% TO THE COUNTIES AND MUNICIPALITIES WITHI N THE 32
233	233	SOUTHERN MARYLAND REGION DISTR IBUTED IN PROPORTION TO THE 33 6 SENATE BILL 881
234	234
235	235
236	236	TRANSPORTATION AUTHO RITY HOTEL SURCHARGE FROM THE COUNTIES AN D 1
237	237	MUNICIPALITIES ; 2
238	238
239	239	[(2)] (8) to the Blueprint for Maryland’s Future Fund established under 3
240	240	§ 5–206 of the Education Article, the following percentage of the remaining sales and use 4
241	241	tax revenues: 5
242	242
243	243	(i) for fiscal year 2023, 9.2%; 6
244	244
245	245	(ii) for fiscal year 2024, 11.0%; 7
246	246
247	247	(iii) for fiscal year 2025, 11.3%; 8
248	248
249	249	(iv) for fiscal year 2026, 11.7%; and 9
250	250
251	251	(v) for fiscal year 2027 and each fiscal year thereafter, 12.1%; and 10
252	252
253	253	[(3)] (9) the remaining sales and use tax revenue into the General Fund 11
254	254	of the State. 12
255	255
256	256	(B) A COUNTY OR MUNICIPALI TY THAT RECEIVES A P AYMENT UNDER 13
257	257	SUBSECTION (A)(2) THROUGH (7) OF THIS SECTION MAY USE THE REVENUE ONL Y 14
258	258	FOR TRANSPORTATION P URPOSES. 15
259	259
260	260	11–102. 16
261	261
262	262	(a) Except as otherwise provided in this title, a tax is imposed on: 17
263	263
264	264	(1) a retail sale in the State; and 18
265	265
266	266	(2) a use, in the State, of tangible personal property, a digital code, a digital 19
267	267	product, or a taxable service. 20
268	268
269	269	(b) (1) Subject to paragraph (2) of this subsection, in addition to the tax 21
270	270	imposed under subsection (a) of this section, a hotel surcharge is imposed in Dorchester 22
271	271	County on the sale of a right to occupy a room or lodgings as a transient guest in an 23
272	272	establishment that offers at least 380 rooms. 24
273	273
274	274	(2) The hotel surcharge imposed under paragraph (1) of this subsection 25
275	275	may not be imposed if the Maryland Economic Development Corporation certifies to the 26
276	276	Comptroller that the bonds issued by the Maryland Economic Development Corporation 27
277	277	secured by the Dorchester County Economic Development Fund established under § 28
278	278	10–130 of the Economic Development Article have been paid in full. 29
279	279	SENATE BILL 881 7
280	280
281	281
282	282	(c) (1) IN ADDITION TO THE TA X IMPOSED UNDER SUBS ECTION (A) OF 1
283	283	THIS SECTION, A TRANSPORTATION AUT HORITY SURCHARGE IS IMPOSED IN THE 2
284	284	BALTIMORE REGION , CAPITAL REGION, AND SOUTHERN MARYLAND REGION ON : 3
285	285
286	286	(I) A RETAIL SALE IN THE REGION; AND 4
287	287
288	288	(II) A USE, IN THE REGION, OF TANGIBLE PERSONAL PROPERTY, 5
289	289	A DIGITAL CODE, A DIGITAL PRODUCT , OR A TAXABLE SERVICE . 6
290	290
291	291	(2) IN ADDITION TO THE TA X IMPOSED UNDER SUBS ECTION (A) OF 7
292	292	THIS SECTION AND THE SURCHARGE IMPOSED UN DER PARAGRAPH (1) OF THIS 8
293	293	SUBSECTION, A TRANSPORTATION AUT HORITY HOTEL SURCHAR GE IS IMPOSED ON 9
294	294	THE SALE OF A RIGHT TO OCCUPY A ROOM OR LOD GINGS AS A TRANSIENT GUEST IN 10
295	295	THE BALTIMORE REGION , CAPITAL REGION, AND SOUTHERN MARYLAND REGION . 11
296	296
297	297	(D) (1) A county, municipal corporation, special taxing district, or other 12
298	298	political subdivision of the State may not impose any retail sales or use tax except: 13
299	299
300	300	(i) a sales tax or use tax that was in effect on January 1, 1971; 14
301	301
302	302	(ii) a tax on the sale or use of: 15
303	303
304	304	1. fuels; 16
305	305
306	306	2. utilities; 17
307	307
308	308	3. space rentals; or 18
309	309
310	310	4. any controlled dangerous substance, as defined in § 5–101 19
311	311	of the Criminal Law Article, unless the sale is made by a person who registers under and 20
312	312	complies with Title 5, Subtitle 3 of the Criminal Law Article; or 21
313	313
314	314	(iii) a tax imposed by a code county on the sale or use of food and 22
315	315	beverages authorized under § 20–602 of the Local Government Article. 23
316	316
317	317	(2) Paragraph (1) of this subsection may not be construed as conferring 24
318	318	authority to impose a sales and use tax. 25
319	319
320	320	11–104. 26
321	321
322	322	(L) (1) THE RATE OF THE TRANS PORTATION AUTHORITY SURCHARGE 27
323	323	IMPOSED UNDER § 11–102(C)(1) OF THIS SUBTITLE IS 0.5%. 28
324	324
325	325	(2) THE RATE OF THE TRANS PORTATION AUTHORITY HOTEL 29
326	326	SURCHARGE IMPOSED UN DER § 11–102(C)(2) OF THIS SUBTITLE IS 1%. 30 8 SENATE BILL 881
327	327
328	328
329	329
330	330	SECTION 2. AND BE IT FURTHER ENACTED, That the Laws of Maryland read 1
331	331	as follows: 2
332	332
333	333	Article – Tax – Property 3
334	334
335	335	13–201. 4
336	336
337	337	(A) In this subtitle[, “transfer] THE FOLLOWING WORDS HAVE THE MEANINGS 5
338	338	INDICATED. 6
339	339
340	340	(B) “BALTIMORE REGION ” HAS THE MEANING STAT ED IN § 10.5–101 OF THE 7
341	341	TRANSPORTATION ARTICLE. 8
342	342
343	343	(C) “CAPITAL REGION ” HAS THE MEANING STAT ED IN § 10.5–201 OF THE 9
344	344	TRANSPORTATION ARTICLE. 10
345	345
346	346	(D) “SOUTHERN MARYLAND REGION ” HAS THE MEANING STAT ED IN § 11
347	347	10.5–301 OF THE TRANSPORTATION ARTICLE. 12
348	348
349	349	(E) “TRANSFER tax” means the tax imposed under this subtitle. 13
350	350
351	351	13–202. 14
352	352
353	353	(A) Except as otherwise provided in this subtitle, a transfer tax is imposed on an 15
354	354	instrument of writing: 16
355	355
356	356	(1) recorded with the clerk of the circuit court for a county; or 17
357	357
358	358	(2) filed with the Department and described in § 12–103(d) of this article. 18
359	359
360	360	(B) IN ADDITION TO THE TR ANSFER TAX IMPOSED U NDER SUBSECTION (A) 19
361	361	OF THIS SECTION , A TRANSPORTATION AUT HORITY TRANSFER TAX SURCHARGE IS 20
362	362	IMPOSED ON AN INSTRU MENT OF WRITING THAT TRANSFERS NONRESIDEN TIAL 21
363	363	PROPERTY AND IS RECO RDED WITH THE CLERK OF THE CIRCUIT COURT FOR A 22
364	364	COUNTY THAT IS LOCAT ED WITHIN THE BALTIMORE REGION, THE CAPITAL REGION, 23
365	365	AND THE SOUTHERN MARYLAND REGION . 24
366	366
367	367	13–203. 25
368	368
369	369	(a) (1) Except as provided in subsections (a–1) and (b) of this section, the rate 26
370	370	of the transfer tax is 0.5% of the consideration payable for the instrument of writing. 27
371	371
372	372	(2) The consideration: 28
373	373	SENATE BILL 881 9
374	374
375	375
376	376	(i) includes the amount of any mortgage or deed of trust assumed 1
377	377	by the grantee; and 2
378	378
379	379	(ii) subject to item (i) of this paragraph, includes only the amount 3
380	380	paid or delivered in return for the sale of the property and does not include the amount of 4
381	381	any debt forgiven or no longer secured by a mortgage or deed of trust on the property. 5
382	382
383	383	(C) THE RATE OF THE TRANS PORTATION AUTHORITY TRANSFER TAX 6
384	384	SURCHARGE IMPOSED UN DER § 13–202 OF THIS SUBTITLE IS 0.15% OF THE 7
385	385	CONSIDERATION PAYABL E FOR THE INSTRUMENT OF WRITIN G TRANSFERRING 8
386	386	NONRESIDENTIAL PROPE RTY. 9
387	387
388	388	13–209. 10
389	389
390	390	(J) (1) THE REVENUE FROM THE TRANSPORTATION AUTHO RITY 11
391	391	TRANSFER TAX SURCHAR GE ON AN INSTRUMENT OF WRITING RECORDED WITH THE 12
392	392	CLERK OF THE CIRCUIT COURT FOR A COUNTY T HAT IS LOCATED WITHIN THE 13
393	393	BALTIMORE REGION SHAL L BE DISTRIBUTED AS FOLLOWS: 14
394	394
395	395	(I) 70% TO THE BALTIMORE REGION TRANSPORTATION FUND 15
396	396	ESTABLISHED UNDER § 10.5–109 OF THE TRANSPORTATION ARTICLE; AND 16
397	397
398	398	(II) 1. EXCEPT AS PROVIDED U NDER SUBSUBPARAGRAPH 2 17
399	399	OF THIS SUBPARAGRAPH , 30% TO THE COUNTY WHERE THE PROPERTY IS LOCA TED; 18
400	400	OR 19
401	401
402	402	2. IF THE TRANSFERRED P ROPERTY IS LOCATED I N A 20
403	403	MUNICIPALITY, 30% TO THE MUNICIPALITY WHERE THE PROPERTY I S LOCATED. 21
404	404
405	405	(2) THE REVENUE FROM THE TRANSPORTATION AUTHO RITY 22
406	406	TRANSFER TAX SURCHAR GE ON AN INSTRUMENT OF WRITIN G RECORDED WITH THE 23
407	407	CLERK OF THE CIRCUIT COURT FOR A COUNTY T HAT IS LOCATED WITHI N THE 24
408	408	CAPITAL REGION SHALL BE DISTRIBUTED AS FO LLOWS: 25
409	409
410	410	(I) 70% TO THE CAPITAL REGION TRANSPORTATION FUND 26
411	411	ESTABLISHED UNDER § 10.5–209 OF THE TRANSPORTA TION ARTICLE; AND 27
412	412
413	413	(II) 1. EXCEPT AS PROVIDED U NDER SUBSUBPARAGRAPH 2 28
414	414	OF THIS SUBPARAGRAPH , 30% TO THE COUNTY WHERE THE PROPERTY IS LOCA TED; 29
415	415	OR 30
416	416
417	417	2. IF THE TRANSFERRED P ROPERTY IS LOCATED I N A 31
418	418	MUNICIPALITY, 30% TO THE MUNICIPALITY WHERE THE PROPERTY IS LOCATED. 32
419	419	10 SENATE BILL 881
420	420
421	421
422	422	(3) THE REVENUE FROM THE TRANSPORTATION AUTHO RITY 1
423	423	TRANSFER TAX SURCHAR GE ON AN INSTRUMENT OF WRITING RECORDED WITH THE 2
424	424	CLERK OF THE CIRCUIT COURT FOR A COUNTY T HAT IS LOCATED WITHI N THE 3
425	425	SOUTHERN MARYLAND REGION SHALL BE DISTRIBUTED AS FO LLOWS: 4
426	426
427	427	(I) 70% TO THE SOUTHERN MARYLAND REGION 5
428	428	TRANSPORTATION FUND ESTABLISHED UNDE R § 10.5–309 OF THE 6
429	429	TRANSPORTATION ARTICLE; AND 7
430	430
431	431	(II) 1. EXCEPT AS PROVIDED U NDER SUBSUBPARAGRAPH 2 8
432	432	OF THIS SUBPARAGRAPH , 30% TO THE COUNTY WHERE THE PROPERTY IS LOCA TED; 9
433	433	OR 10
434	434
435	435	2. IF THE TRANSFERRED P ROPERTY IS LOCATED I N A 11
436	436	MUNICIPALITY, 30% TO THE MUNICIPALITY WHERE THE PROPERTY I S LOCATED. 12
437	437
438	438	(4) A COUNTY OR MUNICIPALI TY THAT RECEIVES A D ISTRIBUTION 13
439	439	UNDER THIS SUBSECTIO N MAY USE THE REVENU E ONLY FOR TRANSPORT ATION 14
440	440	PURPOSES. 15
441	441
442	442	SECTION 3. AND BE IT FURTHER ENACTED, That the Laws of Maryland read 16
443	443	as follows: 17
444	444
445	445	Article – Transportation 18
446	446
447	447	TITLE 10.5. REGIONAL TRANSPORTATION AUTHORITIES. 19
448	448
449	449	SUBTITLE 1. BALTIMORE REGION TRANSPORTATION AUTHORITY. 20
450	450
451	451	10.5–101. 21
452	452
453	453	(A) IN THIS SUBTITLE THE FOLLOWING WORDS HAVE THE MEANINGS 22
454	454	INDICATED. 23
455	455
456	456	(B) “AUTHORITY” MEANS THE BALTIMORE REGION TRANSPORTATION 24
457	457	AUTHORITY. 25
458	458
459	459	(C) “BALTIMORE REGION ” MEANS ANNE ARUNDEL COUNTY, BALTIMORE 26
460	460	COUNTY, BALTIMORE CITY, AND HOWARD COUNTY. 27
461	461
462	462	(D) “TRANSPORTATION FACILI TY” HAS THE MEANING STAT ED IN § 3–101 OF 28
463	463	THIS ARTICLE. 29
464	464
465	465	10.5–102. 30 SENATE BILL 881 11
466	466
467	467
468	468
469	469	(A) THERE IS A BALTIMORE REGION TRANSPORTATION AUTHORITY. 1
470	470
471	471	(B) THE AUTHORITY IS A BODY P OLITIC AND CORPORATE AND IS AN 2
472	472	INSTRUMENTALITY OF T HE STATE. 3
473	473
474	474	(C) THE EXERCISE BY THE AUTHORITY OF A POWER UNDER THIS SUB TITLE 4
475	475	IS THE PERFORMANCE O F AN ESSENTIAL GOVER NMENTAL FUNCTION . 5
476	476
477	477	10.5–103. 6
478	478
479	479	THE PURPOSE OF THE AUTHORITY IS TO PREPA RE AND IMPLEMENT 7
480	480	INVESTMENTS IN TRANS PORTATION PROJECTS T HAT MAXIMIZE THE MOV EMENT OF 8
481	481	PEOPLE AND PROMOTE E FFICIENCY, SAFETY, AND OTHER VALUES SUC H AS 9
482	482	ENVIRONMENTAL AND SO CIAL JUSTICE IMPACTS . 10
483	483
484	484	10.5–104. 11
485	485
486	486	(A) THE AUTHORITY CONSISTS OF THE FOLLOWING MEMBER S: 12
487	487
488	488	(1) THE MAYOR OF BALTIMORE CITY, OR THE MAYOR’S DESIGNEE; 13
489	489
490	490	(2) THE COUNTY EXECUTIVE OF ANNE ARUNDEL COUNTY, OR THE 14
491	491	COUNTY EXECUTIVE’S DESIGNEE; 15
492	492
493	493	(3) THE COUNTY EXECUTIVE OF BALTIMORE COUNTY, OR THE 16
494	494	COUNTY EXECUTIVE’S DESIGNEE; 17
495	495
496	496	(4) THE COUNTY EXECUTIVE OF HOWARD COUNTY, OR THE COUNTY 18
497	497	EXECUTIVE’S DESIGNEE; 19
498	498
499	499	(5) ONE ELECTED OFFICIAL FROM EACH MUNICIPALI TY WITHIN THE 20
500	500	BALTIMORE REGION , APPOINTED BY THE GOV ERNING BODY OF THE M UNICIPALITY; 21
501	501
502	502	(6) ONE MEMBER OF THE SENATE OF MARYLAND WHO RESIDES 22
503	503	WITHIN THE BALTIMORE REGION , APPOINTED BY THE PRESIDENT OF THE SENATE; 23
504	504
505	505	(7) TWO MEMBERS OF THE HOUSE OF DELEGATES WHO RE SIDE 24
506	506	WITHIN THE BALTIMORE REGION , APPOINTED BY THE SPEAKER OF THE HOUSE; 25
507	507	AND 26
508	508	12 SENATE BILL 881
509	509
510	510
511	511	(8) TWO MEMBERS WITH EXPE RIENCE IN TRANSPORTA TION 1
512	512	PLANNING, FINANCE, ENGINEERING , CONSTRUCTION , OR MANAGEMENT , 2
513	513	APPOINTED BY THE GOVERNOR. 3
514	514
515	515	(B) THE SECRETARY SHALL SERVE AS A NONVOTING, EX OFFICIO MEMBER . 4
516	516
517	517	(C) (1) THE TERM OF A MEMBER IS 4 YEARS. 5
518	518
519	519	(2) AT THE END OF A TERM , A MEMBER CONTINUES T O SERVE UNTIL 6
520	520	A SUCCESSOR IS APPOI NTED AND QUALIFIES . 7
521	521
522	522	(D) FROM AMONG ITS MEMBER S, THE AUTHORITY SHALL ELECT A CHAIR 8
523	523	AND A VICE CHAIR. 9
524	524
525	525	(E) THE AUTHORITY SHALL ADOPT RULES AND REGULATION S NECESSARY 10
526	526	FOR THE CONDUCT OF I TS AFFAIRS. 11
527	527
528	528	10.5–105. 12
529	529
530	530	(A) (1) THE AUTHORITY SHALL EMPLO Y AN EXECUTIVE DIRECTOR TO 13
531	531	SERVE AS THE CHIEF E XECUTIVE OFFICER OF THE AUTHORITY. 14
532	532
533	533	(2) THE EXECUTIVE DIRECTOR SHALL SERVE AT THE P LEASURE OF 15
534	534	THE AUTHORITY. 16
535	535
536	536	(B) THE AUTHORITY MAY EMPLOY OR RETAIN OFFICERS , STAFF, AND 17
537	537	AGENTS, INCLUDING ENGINEERIN G, ARCHITECTURAL , FISCAL, AND CONSTRUCTION 18
538	538	EXPERTS AND ATTORNEY S, AND SET THEIR COMPEN SATION. 19
539	539
540	540	10.5–106. 20
541	541
542	542	(A) THE AUTHORITY MAY: 21
543	543
544	544	(1) ADOPT BYLAWS FOR THE CONDUCT OF ITS BUSIN ESS; 22
545	545
546	546	(2) ADOPT A SEAL; 23
547	547
548	548	(3) MAINTAIN OFFICES AT A PLACE IT DESIGNATES IN THE STATE; 24
549	549
550	550	(4) ACCEPT LOANS, GRANTS, OR ASSISTANCE OF ANY KIND FROM THE 25
551	551	FEDERAL OR STATE GOVERNMENT , A LOCAL GOVERNME NT, A COLLEGE OR 26
552	552	UNIVERSITY, OR A PRIVATE SOURCE ; 27
553	553	SENATE BILL 881 13
554	554
555	555
556	556	(5) ENTER INTO CONTRACTS AND OTHER LEGAL INST RUMENTS; 1
557	557
558	558	(6) SUE OR BE SUED; 2
559	559
560	560	(7) ACQUIRE, PURCHASE, HOLD, LEASE AS LESSEE , AND USE: 3
561	561
562	562	(I) A FRANCHISE, PATENT, OR LICENSE; 4
563	563
564	564	(II) STOCK OR OTHER FORMS OF OWNERSHIP I NTERESTS IN 5
565	565	CORPORATIONS , LIMITED LIABILITY CO MPANIES, PARTNERSHIPS , OR OTHER 6
566	566	ENTITIES, WHETHER OPERATED FOR PROFIT OR NOT FOR PR OFIT; 7
567	567
568	568	(III) ANY REAL, PERSONAL, MIXED, TANGIBLE, OR INTANGIBLE 8
569	569	PROPERTY; OR 9
570	570
571	571	(IV) AN INTEREST IN A P ROPERTY LISTED UNDER ITEMS (I) 10
572	572	THROUGH (III) OF THIS ITEM; 11
573	573
574	574	(8) SELL, LEASE AS LESSOR , TRANSFER, LICENSE, ASSIGN, OR 12
575	575	DISPOSE OF PROPERTY OR A PROPERTY INTERE ST THAT IT ACQUIRES ; 13
576	576
577	577	(9) FIX AND COLLECT RATES , RENTALS, FEES, ROYALTIES, AND 14
578	578	CHARGES FOR SERV ICES AND RESOURCES I T PROVIDES OR MAKES AVAILABLE; 15
579	579
580	580	(10) CREATE, OWN, CONTROL, OR BE A MEMBER OF A CORPORATION , 16
581	581	LIMITED LIABILITY CO MPANY, PARTNERSHIP , OR OTHER ENTITY , WHETHER 17
582	582	OPERATED FOR PROFIT OR NOT FOR PROFIT ; 18
583	583
584	584	(11) EXERCISE POWER USUALL Y POSSESS ED BY A PRIVATE 19
585	585	CORPORATION IN PERFO RMING SIMILAR FUNCTI ONS UNLESS TO DO SO WOULD 20
586	586	CONFLICT WITH STATE LAW; AND 21
587	587
588	588	(12) DO ALL THINGS NECESSA RY OR CONVENIENT TO CARRY OUT THE 22
589	589	POWERS GRANTED BY TH IS SUBTITLE. 23
590	590
591	591	(B) THE AUTHORITY MAY DELEGAT E ANY POWER OR DUT Y IT CONSIDERS 24
592	592	APPROPRIATE TO A MEM BER, AN OFFICER, AN AGENT, OR AN EMPLOYEE OF TH E 25
593	593	AUTHORITY. 26
594	594
595	595	10.5–107. 27
596	596	14 SENATE BILL 881
597	597
598	598
599	599	(A) (1) THE AUTHORITY SHALL PREPA RE A REGIONAL TRANSP ORTATION 1
600	600	PLAN FOR THE BALTIMORE REGION THAT INCLUDES TRANSPORTAT ION 2
601	601	IMPROVEMENTS OF REGI ONAL SIGNIFICANCE. 3
602	602
603	603	(2) THE AUTHORITY MAY REVISE THE REGIONAL TRANSPO RTATION 4
604	604	PLAN. 5
605	605
606	606	(B) AFTER THE ADOPTION OF A REGIONAL TRANSPORT ATION PLAN, THE 6
607	607	AUTHORITY MAY CONSTRU CT OR ACQUIRE , BY PURCHASE , LEASE, CONTRACT, OR 7
608	608	OTHERWISE, THE TRANSPORTATION F ACILITIES SPECIFIED IN THE REGIO NAL 8
609	609	TRANSPORTATION PLAN . 9
610	610
611	611	10.5–108. 10
612	612
613	613	(A) THE AUTHORITY SHALL HAVE THE FOLLOWING DUTIES AND 11
614	614	RESPONSIBILITIES : 12
615	615
616	616	(1) GENERAL OVERSIGHT OF REGIONAL TRANSPORTAT ION 13
617	617	PROGRAMS; 14
618	618
619	619	(2) LONG–RANGE REGIONAL PLANN ING FOR THE BALTIMORE 15
620	620	REGION, BOTH FISCALLY CONSTRAI NED AND UNCONSTRAINE D; 16
621	621
622	622	(3) RECOMMENDING TO STATE, REGIONAL, AND FEDERAL AGENCIES 17
623	623	REGIONAL TRANSPORTAT ION PRIORITIES , INCLUDING PUBLIC –PRIVATE 18
624	624	TRANSPORTATION PROJE CTS, AND FUNDING ALLOCATI ONS; 19
625	625
626	626	(4) ALLOCATING TO PRIORIT Y REGIONAL TR ANSPORTATION 20
627	627	PROJECTS ANY FUNDS M ADE AVAILABLE TO THE AUTHORITY AND , AT THE 21
628	628	DISCRETION OF THE AUTHORITY, DIRECTLY OVERSEEING THE PROJECTS ; 22
629	629
630	630	(5) RECOMMENDING TO THE DEPARTMENT PRIORITY R EGIONAL 23
631	631	TRANSPORTATION PROJE CTS FOR RECEIPT OF F EDERAL AND STATE FUNDS; 24
632	632
633	633	(6) RECOMMENDING TO THE DEPARTMENT USE OR CHA NGES IN USE 25
634	634	OF TOLLS OR CHARGES FOR FACILITIES IN TH E BALTIMORE REGION ; 26
635	635
636	636	(7) GENERAL OVERSIGHT OF REGIONAL TRANSPORTAT ION ISSUES OF 27
637	637	A MULTIJURISDICTIONA L NATURE, INCLUDING INTELLIGEN T TRANSPORTATION 28
638	638	SYSTEMS, SIGNALIZATION, AND PREPARATION FOR AND RESPONSE TO 29
639	639	EMERGENCIES ; 30
640	640	SENATE BILL 881 15
641	641
642	642
643	643	(8) SERVING AS AN ADVOCAT E FOR THE TRANSPORTA TION NEEDS OF 1
644	644	THE BALTIMORE REGION BEFO RE THE STATE AND FEDERAL GOV ERNMENTS; AND 2
645	645
646	646	(9) APPLYING TO AND NEGOT IATING WITH THE FEDE RAL 3
647	647	GOVERNMENT AND THE STATE FOR GRANTS AND ANY OTHER FUNDS AVAI LABLE TO 4
648	648	CARRY OUT THE PURPOS ES OF THIS SUBTITLE . 5
649	649
650	650	(B) THE AUTHORITY SHALL CONSU LT WITH THE DEPARTMENT , 6
651	651	METROPOLITAN PLANNIN G ORGANIZATIONS , AND OTHER STAKEHOLDE RS IN 7
652	652	RECOMMENDING OR PRIO RITIZING ANY TRANSPORTATION PROJE CT. 8
653	653
654	654	10.5–109. 9
655	655
656	656	(A) IN THIS SECTION , “FUND” MEANS THE BALTIMORE REGION 10
657	657	TRANSPORTATION FUND. 11
658	658
659	659	(B) THERE IS A BALTIMORE REGION TRANSPORTATION FUND. 12
660	660
661	661	(C) THE PURPOSE OF THE FUND IS TO FINANCE TR ANSPORTATION 13
662	662	FACILITIES IN THE BALTIMORE R EGION. 14
663	663
664	664	(D) THE EXECUTIVE DIRECTOR OF THE AUTHORITY SHALL ADMIN ISTER 15
665	665	THE FUND. 16
666	666
667	667	(E) (1) THE FUND IS A SPECIAL , NONLAPSING FUND THAT IS NOT 17
668	668	SUBJECT TO § 7–302 OF THE STATE FINANCE AND PROCUREMENT ARTICLE. 18
669	669
670	670	(2) THE STATE TREASURER SHALL HOLD THE FUND SEPARATELY, 19
671	671	AND THE COMPTROLLER SHALL ACC OUNT FOR THE FUND. 20
672	672
673	673	(F) THE FUND CONSISTS OF : 21
674	674
675	675	(1) MONEY APPROPRIATED IN THE STATE BUDGET TO THE FUND; 22
676	676
677	677	(2) INTEREST EARNINGS ; 23
678	678
679	679	(3) REVENUE DISTRIBUTED T O THE FUND UNDER § 2–1303 OF THE 24
680	680	TAX – GENERAL ARTICLE; 25
681	681
682	682	(4) REVENUE DISTRIBUTED T O THE FUND UNDER § 13–209 OF THE 26
683	683	TAX – PROPERTY ARTICLE; AND 27
684	684	16 SENATE BILL 881
685	685
686	686
687	687	(5) ANY OTHER MONEY FROM ANY OTHER SOURCE ACC EPTED FOR 1
688	688	THE BENEFIT OF THE FUND. 2
689	689
690	690	(G) THE FUND MAY BE USED ONLY FOR THE FINANCING OF 3
691	691	TRANSPORTATION FACIL ITIES IN THE BALTIMORE REGION . 4
692	692
693	693	(H) (1) THE STATE TREASURER SHALL INVES T THE MONEY OF THE FUND 5
694	694	IN THE SAME MANNER A S OTHER STATE MONEY MAY BE IN VESTED. 6
695	695
696	696	(2) ANY INTEREST EARNINGS OF THE FUND SHALL BE CREDITE D TO 7
697	697	THE FUND. 8
698	698
699	699	(I) EXPENDITURES FROM THE FUND MAY BE MADE ONLY IN ACCORDA NCE 9
700	700	WITH THE STATE BUDGET . 10
701	701
702	702	(J) MONEY EXPENDED FROM T HE FUND FOR FINANCING TR ANSPORTATION 11
703	703	FACILITIES IN THE BALTIMORE REGION IS S UPPLEMENTAL TO AND I S NOT 12
704	704	INTENDED TO TAKE THE PLACE OF FUNDING THA T OTHERWISE WOULD BE 13
705	705	APPROPRIATED FOR T RANSPORTATION FACILI TIES IN THE BALTIMORE REGION . 14
706	706
707	707	10.5–110. 15
708	708
709	709	ON OR BEFORE JANUARY 1, 2026, AND EACH JANUARY 1 THEREAFTER , THE 16
710	710	AUTHORITY SHALL REPOR T TO THE GENERAL ASSEMBLY, IN ACCORDANCE WITH § 17
711	711	2–1257 OF THE STATE GOVERNMENT ARTICLE, ON THE ACTIVITIES O F THE 18
712	712	AUTHORITY DURING THE PRIOR YEAR. 19
713	713
714	714	SUBTITLE 2. CAPITAL REGION TRANSPORTATION AUTHORITY. 20
715	715
716	716	10.5–201. 21
717	717
718	718	(A) IN THIS SUBTITLE THE FOLLOWING WORDS HAVE THE MEANINGS 22
719	719	INDICATED. 23
720	720
721	721	(B) “AUTHORITY” MEANS THE CAPITAL REGION TRANSPORTATION 24
722	722	AUTHORITY. 25
723	723
724	724	(C) “CAPITAL REGION ” MEANS FREDERICK COUNTY, MONTGOMERY 26
725	725	COUNTY, AND PRINCE GEORGE’S COUNTY. 27
726	726
727	727	(D) “TRANSPORTATION FACILI TY” HAS THE MEANING STAT ED IN § 3–101 OF 28
728	728	THIS ARTICLE. 29
729	729	SENATE BILL 881 17
730	730
731	731
732	732	10.5–202. 1
733	733
734	734	(A) THERE IS A CAPITAL REGION TRANSPORTATION AUTHORITY. 2
735	735
736	736	(B) THE AUTHORITY IS A BODY POLITIC AN D CORPORATE AND IS A N 3
737	737	INSTRUMENTALITY OF T HE STATE. 4
738	738
739	739	(C) THE EXERCISE BY THE AUTHORITY OF A POWER UNDER THIS SUBTITLE 5
740	740	IS THE PERFORMANCE O F AN ESSENTIAL GOVER NMENTAL FUNCTION . 6
741	741
742	742	10.5–203. 7
743	743
744	744	THE PURPOSE OF THE AUTHORITY IS TO PREPA RE AND IMPLEMENT 8
745	745	INVESTMENTS IN TRANS PORTATION PROJECTS T HAT MAXIMIZE THE MOV EMENT OF 9
746	746	PEOPLE AND PROMOTE E FFICIENCY, SAFETY, AND OTHER VALUES SUC H AS 10
747	747	ENVIRONMENTAL AND SO CIAL JUSTICE IMPACTS . 11
748	748
749	749	10.5–204. 12
750	750
751	751	(A) THE AUTHORITY CONSISTS OF THE FOLLOWING MEMBER S: 13
752	752
753	753	(1) THE COUNTY EXECUTIVE OF FREDERICK COUNTY, OR THE 14
754	754	COUNTY EXECUTIVE’S DESIGNEE; 15
755	755
756	756	(2) THE COUNTY EXECUTIVE OF MONTGOMERY COUNTY, OR THE 16
757	757	COUNTY EXECUTIVE’S DESIGNEE; 17
758	758
759	759	(3) THE COUNTY EXECUTIVE OF PRINCE GEORGE’S COUNTY, OR THE 18
760	760	COUNTY EXECUTIVE’S DESIGNEE; 19
761	761
762	762	(4) ONE MEMBER OF THE SENATE OF MARYLAND WHO RESIDES 20
763	763	WITHIN THE CAPITAL R EGION, APPOINTED BY THE PRESIDENT OF THE SENATE; 21
764	764
765	765	(5) TWO MEMBERS OF THE HOUSE OF DELEGATES WHO RESIDE 22
766	766	WITHIN THE CAPITAL R EGION, APPOINTED BY THE SPEAKER OF THE HOUSE; 23
767	767
768	768	(6) ONE REPRESENTATIVE OF THE MUNICIPALITIES I N FREDERICK 24
769	769	COUNTY, DESIGNATED BY THE MU NICIPALITIES IN FREDERICK COUNTY; 25
770	770
771	771	(7) ONE REPRESENTATIVE OF THE MUNICIPALITIES I N 26
772	772	MONTGOMERY COUNTY, DESIGNATED BY THE MU NICIPALITIES IN MONTGOMERY 27
773	773	COUNTY; 28
774	774	18 SENATE BILL 881
775	775
776	776
777	777	(8) ONE REPR ESENTATIVE OF THE MU NICIPALITIES IN PRINCE 1
778	778	GEORGE’S COUNTY, DESIGNATED BY THE MU NICIPALITIES IN PRINCE GEORGE’S 2
779	779	COUNTY; AND 3
780	780
781	781	(9) TWO MEMBERS WITH EXPE RIENCE IN TRANSPORTA TION 4
782	782	PLANNING, FINANCE, ENGINEERING , CONSTRUCTION , OR MANAGEMENT , 5
783	783	APPOINTED BY THE GOVERNOR. 6
784	784
785	785	(B) THE SECRETARY SHALL SERVE AS A NONVOTING , EX OFFICIO MEMBER . 7
786	786
787	787	(C) (1) THE TERM OF A MEMBER IS 4 YEARS. 8
788	788
789	789	(2) AT THE END OF A TERM , A MEMBER CONTINUES T O SERVE UNTIL 9
790	790	A SUCCESSOR IS APPOI NTED AND QUALIFIES . 10
791	791
792	792	(D) FROM AMONG ITS MEMBER S, THE AUTHORITY SHALL ELECT A CHAIR 11
793	793	AND A VICE CHAIR. 12
794	794
795	795	(E) THE AUTHORITY SHALL ADOPT RULES AND REGULATION S NECESSARY 13
796	796	FOR THE CONDUCT OF I TS AFFAIRS. 14
797	797
798	798	10.5–205. 15
799	799
800	800	(A) (1) THE AUTHORITY SHALL EMPLO Y AN EXECUTIVE DIRECTOR TO 16
801	801	SERVE AS THE CHIEF E XECUTIVE OFFICER OF THE AUTHORITY. 17
802	802
803	803	(2) THE EXECUTIVE DIRECTOR SHALL SERVE AT THE PLEASURE OF 18
804	804	THE AUTHORITY. 19
805	805
806	806	(B) THE AUTHORITY MAY EMPLOY OR RETAIN OFFICERS , STAFF, AND 20
807	807	AGENTS, INCLUDING ENGINEERIN G, ARCHITECTURAL , FISCAL, AND CONSTRUCTION 21
808	808	EXPERTS AND ATTORNEY S, AND SET THEIR COMPENSATION . 22
809	809
810	810	10.5–206. 23
811	811
812	812	(A) THE AUTHORITY MAY : 24
813	813
814	814	(1) ADOPT BYLAWS FOR THE CONDUCT OF ITS BUSIN ESS; 25
815	815
816	816	(2) ADOPT A SEAL; 26
817	817
818	818	(3) MAINTAIN OFFICES AT A PLACE IT DESIGNATES IN THE STATE; 27
819	819	SENATE BILL 881 19
820	820
821	821
822	822	(4) ACCEPT LOANS, GRANTS, OR ASSISTANCE OF ANY KIND FROM THE 1
823	823	FEDERAL OR STATE GOVERNMENT , A LOCAL GOVERNMENT , A COLLEGE OR 2
824	824	UNIVERSITY, OR A PRIVATE SOURCE ; 3
825	825
826	826	(5) ENTER INTO CONTRACTS AND OTHER LEGAL INST RUMENTS; 4
827	827
828	828	(6) SUE OR BE SUED; 5
829	829
830	830	(7) ACQUIRE, PURCHASE, HOLD, LEASE AS LESSEE , AND USE: 6
831	831
832	832	(I) A FRANCHISE, PATENT, OR LICENSE; 7
833	833
834	834	(II) STOCK OR OTHER FORMS OF OWNERSHIP INTERES TS IN 8
835	835	CORPORATIONS , LIMITED LIABILITY CO MPANIES, PARTNERSHIPS , OR OTHER 9
836	836	ENTITIES, WHETHER OPERATED FOR PROFIT OR NOT FOR PR OFIT; 10
837	837
838	838	(III) ANY REAL, PERSONAL, MIXED, TANGIBLE, OR INTANGIB LE 11
839	839	PROPERTY; OR 12
840	840
841	841	(IV) AN INTEREST IN A PROP ERTY LISTED UNDER IT EMS (I) 13
842	842	THROUGH (III) OF THIS ITEM; 14
843	843
844	844	(8) SELL, LEASE AS LESSOR , TRANSFER, LICENSE, ASSIGN, OR 15
845	845	DISPOSE OF PROPERTY OR A PROPERTY INTERE ST THAT IT ACQUIRES ; 16
846	846
847	847	(9) FIX AND COLLECT RATES , RENTALS, FEES, ROYALTIES, AND 17
848	848	CHARGES FOR SERVICES AND RESOURCES IT PRO VIDES OR MAKES AVAIL ABLE; 18
849	849
850	850	(10) CREATE, OWN, CONTROL, OR BE A MEMBER OF A CORPORATION , 19
851	851	LIMITED LIABILITY CO MPANY, PARTNERSHIP , OR OTHER ENTITY , WHETHER 20
852	852	OPERATED FOR PROFIT OR NOT FOR PROFIT; 21
853	853
854	854	(11) EXERCISE POWER USUALL Y POSSESSED BY A PRI VATE 22
855	855	CORPORATION IN PERFO RMING SIMILAR FUNCTI ONS UNLESS TO DO SO WOULD 23
856	856	CONFLICT WITH STATE LAW; AND 24
857	857
858	858	(12) DO ALL THINGS NECESSA RY OR CONVENIENT TO CARRY OUT THE 25
859	859	POWERS GRANTED BY TH IS SUBTITLE. 26
860	860
861	861	(B) THE AUTHORITY MAY DELEGAT E ANY POWER OR DUTY IT CONSIDERS 27
862	862	APPROPRIATE TO A MEM BER, AN OFFICER, AN AGENT, OR AN EMPLOYEE OF TH E 28
863	863	AUTHORITY. 29
864	864	20 SENATE BILL 881
865	865
866	866
867	867	10.5–207. 1
868	868
869	869	(A) (1) THE AUTHORITY SHALL PREPA RE A REGIONAL TRANSP ORTATION 2
870	870	PLAN FOR THE CAPITAL REGION THAT INCLUDE S TRANSPORTATION 3
871	871	IMPROVEMENTS OF REGI ONAL SIGNIFICANCE . 4
872	872
873	873	(2) THE AUTHORITY MAY REVISE THE REGIONAL TRANSPO RTATION 5
874	874	PLAN. 6
875	875
876	876	(B) AFTER THE ADOPTION OF A REGIONAL TRANSPORT ATION PLAN, THE 7
877	877	AUTHORITY MAY CONSTRU CT OR ACQUIRE , BY PURCHASE , LEASE, CONTRACT, OR 8
878	878	OTHERWISE, THE TRANSPORTATION F ACILITIES SPECIFIED IN THE REGIONAL 9
879	879	TRANSPORTATION PLAN . 10
880	880
881	881	10.5–208. 11
882	882
883	883	(A) THE AUTHORITY SHALL HAVE THE FOLLOWING DUTIES AND 12
884	884	RESPONSIBILITIES : 13
885	885
886	886	(1) GENERAL OVERSIGHT OF REGIONAL TRANSPORTAT ION 14
887	887	PROGRAMS; 15
888	888
889	889	(2) LONG–RANGE REGI ONAL PLANNING FOR TH E CAPITAL REGION , 16
890	890	BOTH FISCALLY CONSTR AINED AND UNCONSTRAI NED; 17
891	891
892	892	(3) RECOMMENDING TO STATE, REGIONAL, AND FEDERAL AGENCIES 18
893	893	REGIONAL TRANSPORTAT ION PRIORITIES , INCLUDING PUBLIC –PRIVATE 19
894	894	TRANSPORTATION PROJE CTS, AND FUNDING ALLOCATI ONS; 20
895	895
896	896	(4) ALLOCATING TO PRIORIT Y REGIONAL TRANSPORT ATION 21
897	897	PROJECTS ANY FUNDS M ADE AVAILABLE TO THE AUTHORITY AND , AT THE 22
898	898	DISCRETION OF THE AUTHORITY, DIRECTLY OVERSEEING THE PROJECTS ; 23
899	899
900	900	(5) RECOMMENDING TO THE DEPARTMENT PRIORITY R EGIONAL 24
901	901	TRANSPORTATION PROJE CTS FOR RECEIPT OF FE DERAL AND STATE FUNDS; 25
902	902
903	903	(6) RECOMMENDING TO THE DEPARTMENT USE OR CHA NGES IN USE 26
904	904	OF TOLLS OR CHARGES FOR FACILITIES IN TH E CAPITAL REGION ; 27
905	905
906	906	(7) GENERAL OVERSIGHT OF REGIONAL TRANSPORTAT ION ISSUES OF 28
907	907	A MULTIJURISDICTIONA L NATURE, INCLUDING INTELLIGENT T RANSPORTATION 29
908	908	SYSTEMS, SIGNALIZATION, AND PREPARATION FOR AND RESPONSE TO 30
909	909	EMERGENCIES ; 31 SENATE BILL 881 21
910	910
911	911
912	912
913	913	(8) SERVING AS AN ADVOCAT E FOR THE TRANSPORTA TION NEEDS OF 1
914	914	THE CAPITAL REGION B EFORE THE STATE AND FEDERAL GOV ERNMENTS; AND 2
915	915
916	916	(9) APPLYING TO AND NEGOTIATING WITH THE FEDERAL 3
917	917	GOVERNMENT AND THE STATE FOR GRANTS AND ANY OTHER FUNDS AVAI LABLE TO 4
918	918	CARRY OUT THE PURPOS ES OF THIS SUBTITLE . 5
919	919
920	920	(B) THE AUTHORITY SHALL CONSU LT WITH THE DEPARTMENT , 6
921	921	METROPOLITAN PLANNIN G ORGANIZATIONS , AND OTHER STAKEHOLDE RS IN 7
922	922	RECOMMENDING OR PRIO RITIZING ANY TRANSPO RTATION PROJECT . 8
923	923
924	924	10.5–209. 9
925	925
926	926	(A) IN THIS SECTION , “FUND” MEANS THE CAPITAL REGION 10
927	927	TRANSPORTATION FUND. 11
928	928
929	929	(B) THERE IS A CAPITAL REGION TRANSPORTATION FUND. 12
930	930
931	931	(C) THE PURPOSE OF THE FUND IS TO FINANCE TRANSPORTATION 13
932	932	FACILITIES IN THE CA PITAL REGION. 14
933	933
934	934	(D) THE EXECUTIVE DIRECTOR OF THE AUTHORITY SHALL ADMIN ISTER 15
935	935	THE FUND. 16
936	936
937	937	(E) (1) THE FUND IS A SPECIAL , NONLAPSING FUND THAT IS NOT 17
938	938	SUBJECT TO § 7–302 OF THE STATE FINANCE AND PROCUREMENT ARTICLE. 18
939	939
940	940	(2) THE STATE TREASURER SHALL HOLD THE FUND SEPARATELY , 19
941	941	AND THE COMPTROLLER SHALL ACC OUNT FOR THE FUND. 20
942	942
943	943	(F) THE FUND CONSISTS OF : 21
944	944
945	945	(1) MONEY APPROPRIATED IN THE STATE BUDGET TO THE FUND; 22
946	946
947	947	(2) INTEREST EARNINGS ; 23
948	948
949	949	(3) REVENUE DISTRIBUTED T O THE FUND UNDE R § 2–1303 OF THE 24
950	950	TAX – GENERAL ARTICLE; 25
951	951
952	952	(4) REVENUE DISTRIBUTED T O THE FUND UNDER § 13–209 OF THE 26
953	953	TAX – PROPERTY ARTICLE; AND 27
954	954	22 SENATE BILL 881
955	955
956	956
957	957	(5) ANY OTHER MONEY FROM ANY OTHER SOURCE ACC EPTED FOR 1
958	958	THE BENEFIT OF THE FUND. 2
959	959
960	960	(G) THE FUND MAY BE USED ONLY FOR THE FIN ANCING OF 3
961	961	TRANSPORTATION FACIL ITIES IN THE CAPITAL REGION. 4
962	962
963	963	(H) (1) THE STATE TREASURER SHALL INVES T THE MONEY OF THE FUND 5
964	964	IN THE SAME MANNER A S OTHER STATE MONEY MAY BE IN VESTED. 6
965	965
966	966	(2) ANY INTEREST EARNINGS OF THE FUND SHALL BE CREDITE D TO 7
967	967	THE FUND. 8
968	968
969	969	(I) EXPENDITURES FROM THE FUND MAY BE MADE ONLY IN ACCORDANCE 9
970	970	WITH THE STATE BUDGET . 10
971	971
972	972	(J) MONEY EXPENDED FROM T HE FUND FOR FINANCING TR ANSPORTATION 11
973	973	FACILITIES IN THE CA PITAL REGION IS SUPP LEMENTAL TO AND IS N OT INTENDED 12
974	974	TO TAKE THE PLACE OF FUNDING THAT OT HERWISE WOULD BE APP ROPRIATED FOR 13
975	975	TRANSPORTATION FACIL ITIES IN THE CAPITAL REGION. 14
976	976
977	977	10.5–210. 15
978	978
979	979	ON OR BEFORE JANUARY 1, 2026, AND EACH JANUARY 1 THEREAFTER , THE 16
980	980	AUTHORITY SHALL REPOR T TO THE GENERAL ASSEMBLY, IN ACCORDANCE WITH § 17
981	981	2–1257 OF THE STATE GOVERNMENT ARTICLE, ON THE ACTIVITIES OF THE 18
982	982	AUTHORITY DURING THE PRIOR YEAR. 19
983	983
984	984	SUBTITLE 3. SOUTHERN MARYLAND REGION TRANSPORTATION AUTHORITY. 20
985	985
986	986	10.5–301. 21
987	987
988	988	(A) IN THIS SUBTITLE THE FOLLOWING WORDS HAVE THE MEANINGS 22
989	989	INDICATED. 23
990	990
991	991	(B) “AUTHORITY” MEANS THE SOUTHERN MARYLAND REGION 24
992	992	TRANSPORTATION AUTHORITY. 25
993	993
994	994	(C) “SOUTHERN MARYLAND REGION ” MEANS CALVERT COUNTY, CHARLES 26
995	995	COUNTY, AND ST. MARY’S COUNTY. 27
996	996
997	997	(D) “TRANSPORTATION FACILI TY” HAS THE MEANING STAT ED IN § 3–101 OF 28
998	998	THIS ARTICLE. 29
999	999	SENATE BILL 881 23
1000	1000
1001	1001
1002	1002	10.5–302. 1
1003	1003
1004	1004	(A) THERE IS A SOUTHERN MARYLAND REGION TRANSPORTATION 2
1005	1005	AUTHORITY. 3
1006	1006
1007	1007	(B) THE AUTHORITY IS A BODY P OLITIC AND CORPORATE AND IS AN 4
1008	1008	INSTRUMENTALITY OF T HE STATE. 5
1009	1009
1010	1010	(C) THE EXERCISE BY THE AUTHORITY OF A POWER UNDER THIS SUBTITLE 6
1011	1011	IS THE PERFORMANCE O F AN ESSENTIAL GOVER NMENTAL F UNCTION. 7
1012	1012
1013	1013	10.5–303. 8
1014	1014
1015	1015	THE PURPOSE OF THE AUTHORITY IS TO PREPA RE AND IMPLEMENT 9
1016	1016	INVESTMENTS IN TRANS PORTATION PROJECTS T HAT MAXIMIZE THE MOV EMENT OF 10
1017	1017	PEOPLE AND PROMOTE E FFICIENCY, SAFETY, AND OTHER VALUES SUC H AS 11
1018	1018	ENVIRONMENTAL AND SO CIAL JUSTICE IMPACTS . 12
1019	1019
1020	1020	10.5–304. 13
1021	1021
1022	1022	(A) THE AUTHORITY CONSISTS OF THE FOLLOWING MEMBER S: 14
1023	1023
1024	1024	(1) ONE MEMBER APPOINTED BY THE GOVERNING BOD Y OF CALVERT 15
1025	1025	COUNTY; 16
1026	1026
1027	1027	(2) ONE MEMBER APPOINTED BY THE GOVERNING BOD Y OF CHARLES 17
1028	1028	COUNTY; 18
1029	1029
1030	1030	(3) ONE MEMBER APPOINTED BY THE GOVERNING BOD Y OF ST. 19
1031	1031	MARY’S COUNTY; 20
1032	1032
1033	1033	(4) ONE ELECTED OFFICIAL FROM EACH MUNICIPALI TY WITHIN THE 21
1034	1034	SOUTHERN MARYLAND REGION , APPOINTED BY THE GOV ERNING BODY OF THE 22
1035	1035	MUNICIPALITY; 23
1036	1036
1037	1037	(5) ONE MEMBER OF THE SENATE OF MARYLAND WHO RESIDES 24
1038	1038	WITHIN THE SOUTHERN MARYLAND REGION , APPOINTED BY THE PRESIDENT OF 25
1039	1039	THE SENATE; 26
1040	1040
1041	1041	(6) TWO MEMBERS OF THE HOUSE OF DELEGATES WHO RESIDE 27
1042	1042	WITHIN THE SOUTHERN MARYLAND REGION , APPOINTED BY THE SPEAKER OF THE 28
1043	1043	HOUSE; AND 29
1044	1044	24 SENATE BILL 881
1045	1045
1046	1046
1047	1047	(7) TWO MEMBERS WITH EXPE RIENCE IN TRANSPORTA TION 1
1048	1048	PLANNING, FINANCE, ENGINEERING, CONSTRUCTION , OR MANAGEMENT , 2
1049	1049	APPOINTED BY THE GOVERNOR. 3
1050	1050
1051	1051	(B) THE SECRETARY SHALL SERVE AS A NONVOTING , EX OFFICIO MEMBER . 4
1052	1052
1053	1053	(C) (1) THE TERM OF A MEMBER IS 4 YEARS. 5
1054	1054
1055	1055	(2) AT THE END OF A TERM , A MEMBER CONTINUES T O SERVE UNTIL 6
1056	1056	A SUCCESSOR IS APPOINTED AND QUALIF IES. 7
1057	1057
1058	1058	(D) FROM AMONG ITS MEMBER S, THE AUTHORITY SHALL ELECT A CHAIR 8
1059	1059	AND A VICE CHAIR. 9
1060	1060
1061	1061	(E) THE AUTHORITY SHALL ADOPT RULES AND REGULATION S NECESSARY 10
1062	1062	FOR THE CONDUCT OF I TS AFFAIRS. 11
1063	1063
1064	1064	10.5–305. 12
1065	1065
1066	1066	(A) (1) THE AUTHORITY SHALL EMPLO Y AN EXECUTIVE DIRECTOR TO 13
1067	1067	SERVE AS THE CHIEF E XECUTIVE OFFICER OF THE AUTHORITY. 14
1068	1068
1069	1069	(2) THE EXECUTIVE DIRECTOR SHALL SERVE AT THE PLEASURE OF 15
1070	1070	THE AUTHORITY. 16
1071	1071
1072	1072	(B) THE AUTHORITY MAY EMPLOY OR RETAIN OFFICERS , STAFF, AND 17
1073	1073	AGENTS, INCLUDING ENGINEERIN G, ARCHITECTU RAL, FISCAL, AND CONSTRUCTION 18
1074	1074	EXPERTS AND ATTORNEY S, AND SET THEIR COMPEN SATION. 19
1075	1075
1076	1076	10.5–306. 20
1077	1077
1078	1078	(A) THE AUTHORITY MAY : 21
1079	1079
1080	1080	(1) ADOPT BYLAWS FOR THE CONDUCT OF ITS BUSIN ESS; 22
1081	1081
1082	1082	(2) ADOPT A SEAL; 23
1083	1083
1084	1084	(3) MAINTAIN OFFICES AT A PLACE IT DESIGNATES IN THE STATE; 24
1085	1085
1086	1086	(4) ACCEPT LOANS, GRANTS, OR ASSISTANCE OF ANY KIND FROM THE 25
1087	1087	FEDERAL OR STATE GOVERNMENT , A LOCAL GOVERNMENT , A COLLEGE OR 26
1088	1088	UNIVERSITY, OR A PRIVATE SOURCE ; 27
1089	1089	SENATE BILL 881 25
1090	1090
1091	1091
1092	1092	(5) ENTER INTO CONTRACTS AND OTHER LEGAL INST RUMENTS; 1
1093	1093
1094	1094	(6) SUE OR BE SUED; 2
1095	1095
1096	1096	(7) ACQUIRE, PURCHASE, HOLD, LEASE AS LESSEE , AND USE: 3
1097	1097
1098	1098	(I) A FRANCHISE, PATENT, OR LICENSE; 4
1099	1099
1100	1100	(II) STOCK OR OTHER FORMS OF OWNERSHIP INTERES TS IN 5
1101	1101	CORPORATIONS , LIMITED LIABILITY CO MPANIES, PARTNERSHIPS , OR OTHER 6
1102	1102	ENTITIES, WHETHER OPERATED FOR PROFIT OR NOT FOR PROFIT; 7
1103	1103
1104	1104	(III) ANY REAL, PERSONAL, MIXED, TANGIBLE, OR INTANGIBLE 8
1105	1105	PROPERTY; OR 9
1106	1106
1107	1107	(IV) AN INTEREST IN A PROP ERTY LISTED UNDER IT EMS (I) 10
1108	1108	THROUGH (III) OF THIS ITEM; 11
1109	1109
1110	1110	(8) SELL, LEASE AS LESSOR , TRANSFER, LICENSE, ASSIGN, OR 12
1111	1111	DISPOSE OF PROPERTY OR A PROPERTY INTEREST THAT IT ACQUIRES; 13
1112	1112
1113	1113	(9) FIX AND COLLECT RATES , RENTALS, FEES, ROYALTIES, AND 14
1114	1114	CHARGES FOR SERVICES AND RESOURCES IT PRO VIDES OR MAKES AVAIL ABLE; 15
1115	1115
1116	1116	(10) CREATE, OWN, CONTROL, OR BE A MEMBER OF A CORPORATION , 16
1117	1117	LIMITED LIABILITY CO MPANY, PARTNERSHIP, OR OTHER ENTITY , WHETHER 17
1118	1118	OPERATED FOR PROFIT OR NOT FOR PROFIT ; 18
1119	1119
1120	1120	(11) EXERCISE POWER USUALL Y POSSESSED BY A PRI VATE 19
1121	1121	CORPORATION IN PERFO RMING SIMILAR FUNCTI ONS UNLESS TO DO SO WOULD 20
1122	1122	CONFLICT WITH STATE LAW; AND 21
1123	1123
1124	1124	(12) DO ALL THINGS NECESSA RY OR CONVENIENT TO CARRY O UT THE 22
1125	1125	POWERS GRANTED BY TH IS SUBTITLE. 23
1126	1126
1127	1127	(B) THE AUTHORITY MAY DELEGAT E ANY POWER OR DUTY IT CONSIDERS 24
1128	1128	APPROPRIATE TO A MEM BER, AN OFFICER, AN AGENT, OR AN EMPLOYEE OF TH E 25
1129	1129	AUTHORITY. 26
1130	1130
1131	1131	10.5–307. 27
1132	1132	26 SENATE BILL 881
1133	1133
1134	1134
1135	1135	(A) (1) THE AUTHORITY SHALL PREPA RE A REGIONAL TRANSPORTATI ON 1
1136	1136	PLAN FOR THE SOUTHERN MARYLAND REGION THAT INCLUDES TRANSPORTAT ION 2
1137	1137	IMPROVEMENTS OF REGI ONAL SIGNIFICANCE . 3
1138	1138
1139	1139	(2) THE AUTHORITY MAY REVISE THE REGIONAL TRANSPO RTATION 4
1140	1140	PLAN. 5
1141	1141
1142	1142	(B) AFTER THE ADOPTION OF A REGIONAL TRANSPORT ATION PLAN, THE 6
1143	1143	AUTHORITY MAY CONSTRU CT OR ACQUIRE , BY PURCHASE , LEASE, CONTRACT, OR 7
1144	1144	OTHERWISE, THE TRANSPORTATION F ACILITIES SPECIFIED IN THE REGIONAL 8
1145	1145	TRANSPORTATION PLAN . 9
1146	1146
1147	1147	10.5–308. 10
1148	1148
1149	1149	(A) THE AUTHORITY SHALL HAVE THE FOLLOWING DUTIES AND 11
1150	1150	RESPONSIBILITIES : 12
1151	1151
1152	1152	(1) GENERAL OVERSIGHT OF REGIONAL TRANSPORTAT ION 13
1153	1153	PROGRAMS; 14
1154	1154
1155	1155	(2) LONG–RANGE REGIONAL PLANN ING FOR THE SOUTHERN 15
1156	1156	MARYLAND REGION , BOTH FISCALLY CONSTR AINED AND UNCONSTRAI NED; 16
1157	1157
1158	1158	(3) RECOMMENDING TO STATE, REGIONAL, AND FEDERAL AGENCIES 17
1159	1159	REGIONAL TRANSPORTAT ION P RIORITIES, INCLUDING PUBLIC –PRIVATE 18
1160	1160	TRANSPORTATION PROJE CTS, AND FUNDING ALLOCATI ONS; 19
1161	1161
1162	1162	(4) ALLOCATING TO PRIORIT Y REGIONAL TRANSPORT ATION 20
1163	1163	PROJECTS ANY FUNDS M ADE AVAILABLE TO THE AUTHORITY AND , AT THE 21
1164	1164	DISCRETION OF THE AUTHORITY, DIRECTLY OVERSEEING THE PROJECTS; 22
1165	1165
1166	1166	(5) RECOMMENDING TO THE DEPARTMENT PRIORITY R EGIONAL 23
1167	1167	TRANSPORTATION PROJE CTS FOR RECEIPT OF F EDERAL AND STATE FUNDS; 24
1168	1168
1169	1169	(6) RECOMMENDING TO THE DEPARTMENT USE OR CHA NGES IN USE 25
1170	1170	OF TOLLS OR CHARGES FOR FACILITIES IN TH E SOUTHERN MARYLAND REGION ; 26
1171	1171
1172	1172	(7) GENERAL OVERSIGHT OF REGIONAL TRANSPORTAT ION ISSUES OF 27
1173	1173	A MULTIJURISDICTIONA L NATURE, INCLUDING INTELLIGEN T TRANSPORTATION 28
1174	1174	SYSTEMS, SIGNALIZATION, AND PREPARATION FOR AND RESPONSE TO 29
1175	1175	EMERGENCIES ; 30
1176	1176	SENATE BILL 881 27
1177	1177
1178	1178
1179	1179	(8) SERVING AS AN ADVOCAT E FOR THE TRANSPORTA TION NEEDS OF 1
1180	1180	THE SOUTHERN MARYLAND REGION BEFOR E THE STATE AND FEDERAL 2
1181	1181	GOVERNMENTS ; AND 3
1182	1182
1183	1183	(9) APPLYING TO AND NEGOT IATING WITH THE FEDE RAL 4
1184	1184	GOVERNMENT AND THE STATE FOR GRANTS AND ANY OTHER FUNDS AVAI LABLE TO 5
1185	1185	CARRY OUT THE PURPOS ES OF THIS SUBTITLE . 6
1186	1186
1187	1187	(B) THE AUTHORITY SHALL CONSU LT WITH THE DEPARTMENT , 7
1188	1188	METROPOLITAN PLANNIN G ORGANIZATIONS , AND OTHER STAKEHOLDE RS IN 8
1189	1189	RECOMMENDING OR PRIO RITIZING ANY TRANSPO RTATION PROJECT . 9
1190	1190
1191	1191	10.5–309. 10
1192	1192
1193	1193	(A) IN THIS SECTION, “FUND” MEANS THE SOUTHERN MARYLAND REGION 11
1194	1194	TRANSPORTATION FUND. 12
1195	1195
1196	1196	(B) THERE IS A SOUTHERN MARYLAND REGION TRANSPORTATION FUND. 13
1197	1197
1198	1198	(C) THE PURPOSE OF THE FUND IS TO FINANCE TR ANSPORTATION 14
1199	1199	FACILITIES IN THE SOUTHERN MARYLAND REGION . 15
1200	1200
1201	1201	(D) THE EXECUTIVE DIRECTOR OF THE AUTHORITY SHALL ADMIN ISTER 16
1202	1202	THE FUND. 17
1203	1203
1204	1204	(E) (1) THE FUND IS A SPECIAL , NONLAPSING FUND THAT IS NOT 18
1205	1205	SUBJECT TO § 7–302 OF THE STATE FINANCE AND PROCUREMENT ARTICLE. 19
1206	1206
1207	1207	(2) THE STATE TREASURER SHALL HOLD THE FUND SEPARATELY , 20
1208	1208	AND THE COMPTROLLER SHALL ACC OUNT FOR THE FUND. 21
1209	1209
1210	1210	(F) THE FUND CONSISTS OF : 22
1211	1211
1212	1212	(1) MONEY APPROPRIATED IN THE STATE BUDGET TO THE FUND; 23
1213	1213
1214	1214	(2) INTEREST EARNINGS ; 24
1215	1215
1216	1216	(3) REVENUE DISTRIBUTED T O THE FUND UNDER § 2–1303 OF THE 25
1217	1217	TAX – GENERAL ARTICLE; 26
1218	1218
1219	1219	(4) REVENUE DISTRIBUTED T O THE FUND UNDER § 13–209 OF THE 27
1220	1220	TAX – PROPERTY ARTICLE; AND 28
1221	1221	28 SENATE BILL 881
1222	1222
1223	1223
1224	1224	(5) ANY OTHER MONEY FROM ANY OTHER SOURCE ACC EPTED FOR 1
1225	1225	THE BENEFIT OF THE FUND. 2
1226	1226
1227	1227	(G) THE FUND MAY BE USED ONLY FOR THE FINANCING OF 3
1228	1228	TRANSPORTATION FACIL ITIES IN THE SOUTHERN MARYLAND REGION . 4
1229	1229
1230	1230	(H) (1) THE STATE TREASURER SHALL INVES T THE MONEY OF THE FUND 5
1231	1231	IN THE SAME MANNER A S OTHER STATE MONEY MAY BE IN VESTED. 6
1232	1232
1233	1233	(2) ANY INTEREST EARNINGS OF THE FUND SHALL BE CREDITE D TO 7
1234	1234	THE FUND. 8
1235	1235
1236	1236	(I) EXPENDITURES FROM THE FUND MAY BE MADE ONLY IN ACCORDANCE 9
1237	1237	WITH THE STATE BUDGET . 10
1238	1238
1239	1239	(J) MONEY EXPENDED FROM T HE FUND FOR FINANCING TRANSPORTA TION 11
1240	1240	FACILITIES IN THE SOUTHERN MARYLAND REGION IS SU PPLEMENTAL TO AND IS 12
1241	1241	NOT INTENDED TO TAKE THE PLACE OF FUNDING THAT OTHERWISE WOULD BE 13
1242	1242	APPROPRIATED FOR TRA NSPORTATION FACILITI ES IN THE SOUTHERN MARYLAND 14
1243	1243	REGION. 15
1244	1244
1245	1245	10.5–310. 16
1246	1246
1247	1247	ON OR BEFORE JANUARY 1, 2026, AND EACH JANUARY 1 THEREAFTER , THE 17
1248	1248	AUTHORITY SHALL REPOR T TO THE GENERAL ASSEMBLY, IN ACCORDANCE WITH § 18
1249	1249	2–1257 OF THE STATE GOVERNMENT ARTICLE, ON THE ACTIVITIES OF THE 19
1250	1250	AUTHORITY DURING THE PRIOR YEAR. 20
1251	1251
1252	1252	SUBTITLE 4. FINANCING OF TRANSPORTATION PROJECTS. 21
1253	1253
1254	1254	10.5–401. 22
1255	1255
1256	1256	IN THIS SUBTITLE, “AUTHORITY” MEANS: 23
1257	1257
1258	1258	(1) THE BALTIMORE REGION TRANSPORTATION AUTHORITY 24
1259	1259	ESTABLISHED UNDER § 10.5–102 OF THIS TITLE; 25
1260	1260
1261	1261	(2) THE CAPITAL REGION TRANSPORTATION AUTHORITY 26
1262	1262	ESTABLISHED UNDER § 10.5–202 OF THIS TITLE; AND 27
1263	1263
1264	1264	(3) THE SOUTHERN MARYLAND REGION TRANSPORTATION 28
1265	1265	AUTHORITY ESTABLISHED UNDER § 10.5–302 OF THIS TITLE. 29
1266	1266	SENATE BILL 881 29
1267	1267
1268	1268
1269	1269	10.5–402. 1
1270	1270
1271	1271	(A) TO FINANCE THE COST O F TRANSPORTATION FAC ILITIES AND 2
1272	1272	PROJECTS, AN AUTHORITY MAY ISSUE B ONDS, NOTES, OR OTHER EVIDENCE OF 3
1273	1273	OBLIGATION, PAYABLE SOLELY FROM THE REVENUES DISTRIB UTED TO THE 4
1274	1274	AUTHORITY. 5
1275	1275
1276	1276	(B) BOND PROCEEDS MAY BE USED SOLELY FOR PAYI NG THE COST OF 6
1277	1277	TRANSPORTATION FACIL ITIES AND PROJECTS . 7
1278	1278
1279	1279	10.5–403. 8
1280	1280
1281	1281	(A) BONDS ISSUED BY AN AUTHORITY UNDER THIS SUBTITLE MAY NOT : 9
1282	1282
1283	1283	(1) CONSTITUTE A DEBT OF THE STATE OR A POLITICAL SUBDIVISION 10
1284	1284	OF THE STATE OTHER THAN THE AUTHORITY, AND SHALL SO STATE O N THEIR FACE; 11
1285	1285
1286	1286	(2) CONSTITUTE A PLEDGE O F THE FULL FAITH AND CREDIT OF THE 12
1287	1287	STATE OR A POLITICAL SUBDIVISION OF THE STATE; OR 13
1288	1288
1289	1289	(3) DIRECTLY OR INDIRECTLY O BLIGATE THE STATE OR A POLITICAL 14
1290	1290	SUBDIVISION OF THE STATE TO IMPOSE ANY T AX, AND SHALL CONTAIN A 15
1291	1291	STATEMENT ON THEIR F ACE TO THAT EFFECT . 16
1292	1292
1293	1293	(B) AN AUTHORITY SHALL DETER MINE THE FOLLOWING C ONCERNING 17
1294	1294	BONDS ISSUED BY THE AUTHORITY: 18
1295	1295
1296	1296	(1) DATE OF ISSUE; 19
1297	1297
1298	1298	(2) INTEREST RATE ; 20
1299	1299
1300	1300	(3) DATE AND AMOUNT OF MA TURITY, EXCEPT THAT A BOND M AY NOT 21
1301	1301	MATURE MORE THAN 40 YEARS AFTER ITS DATE OF ISSUE; 22
1302	1302
1303	1303	(4) FORM AND MANNER OF EX ECUTION; 23
1304	1304
1305	1305	(5) MANNER OF SALE ; AND 24
1306	1306
1307	1307	(6) ANY OTHER MATTER RELA TING TO THE FORM, TERMS, 25
1308	1308	CONDITIONS, ISSUANCE, SALE, AND DELIVERY OF THE BONDS. 26
1309	1309
1310	1310	(C) AN AUTHORITY MAY ISSUE B ONDS: 27
1311	1311	30 SENATE BILL 881
1312	1312
1313	1313
1314	1314	(1) WITHOUT OBTAINING THE CONSENT OF ANY INSTR UMENTALITY, 1
1315	1315	AGENCY, OR UNIT OF THE STATE; AND 2
1316	1316
1317	1317	(2) WITHOUT ANY PROCEEDIN GS OR THE OCCURRENCE OF ANY 3
1318	1318	CONDITIONS OR OBLIGA TIONS OTHER THAN THO SE SPECIFICALLY REQU IRED BY 4
1319	1319	THIS SUBTITLE. 5
1320	1320
1321	1321	(D) (1) BONDS SHALL BE EXECUT ED ON BEHALF OF AN AUTHORITY BY 6
1322	1322	THE MANUAL OR FACSIM ILE SIGNATURES OF TH E INDIVIDUALS DESIGN ATED BY THE 7
1323	1323	GOVERNING BODY OF TH E AUTHORITY. 8
1324	1324
1325	1325	(2) OTHER SIGNATURES ON T HE BONDS MAY BE EITH ER MANUAL OR 9
1326	1326	FACSIMILE. 10
1327	1327
1328	1328	(E) IF AN INDIVIDUAL WHOS E MANUAL OR FACSIMIL E SIGNATURE APPEARS 11
1329	1329	ON ANY BOND OR COUPO N CEASES TO SERVE IN AN AUTHORIZED CAPACI TY BEFORE 12
1330	1330	THE DELIVERY OF THE BOND, THE SIGNATURE NEVERT HELESS IS AS VALID AND 13
1331	1331	SUFFICIENT FOR ALL P URPOSES AS IF THE IN DIVIDUAL HAD REMAINE D IN THAT 14
1332	1332	CAPACITY UNTIL DELIV ERY OF THE BOND . 15
1333	1333
1334	1334	10.5–404. 16
1335	1335
1336	1336	(A) WITHOUT THE APPROVAL OF THE GENERAL ASSEMBLY, AN AUTHORITY 17
1337	1337	MAY ISSUE BONDS TO R EFINANCE ALL OR ANY PART OF THE COS T OF 18
1338	1338	TRANSPORTATION FACIL ITIES OR PROJECTS FO R WHICH THE AUTHORITY 19
1339	1339	PREVIOUSLY ISSUED BO NDS UNDER THIS SUBTI TLE. 20
1340	1340
1341	1341	(B) IF, BY REASON OF INCREAS ED CONSTRUCTION COST S, ERROR IN 21
1342	1342	ESTIMATES, OR OTHERWISE , THE PROCEEDS OF THE BONDS OF ANY ISSUE A RE LESS 22
1343	1343	THAN THE AMOUNT REQUIRED FOR THE PURPOSE FOR WHIC H THE BONDS ARE 23
1344	1344	AUTHORIZED , ADDITIONAL BONDS MAY BE ISSUED IN A SIMIL AR MANNER TO 24
1345	1345	PROVIDE THE AMOUNT O F THE DEFICIENCY . 25
1346	1346
1347	1347	10.5–405. 26
1348	1348
1349	1349	(A) IN THIS SECTION , “REFUNDING” MEANS THE RETIREMENT AND 27
1350	1350	CANCELLATION OF BOND S, INCLUDING BONDS OF PRI OR ISSUES, AFTER THEIR 28
1351	1351	ACQUISITION BY OR FO R AN AUTHORITY, WHETHER BEFORE , AT, OR AFTER 29
1352	1352	MATURITY, EITHER IN EXCHANGE F OR OTHER BONDS OR BY PAYMENT, PURCHASE, 30
1353	1353	OR REDEMPTION WITH T HE PROCEEDS OF THE S ALE OF OTHER BONDS . 31
1354	1354
1355	1355	(B) AN AUTHORITY MAY ISSUE REFUNDING BONDS FOR: 32
1356	1356	SENATE BILL 881 31
1357	1357
1358	1358
1359	1359	(1) REFUNDING ANY BONDS I SSUED UNDER THIS SUB TITLE OR ANY 1
1360	1360	BONDS OF PRIOR ISSUE S, INCLUDING THE PAYMEN T OF ANY REDEMPTION PREMIUM 2
1361	1361	ON THE BONDS AND ANY INTEREST ACCRUED OR TO ACCRUE TO THE DAT E OF 3
1362	1362	REDEMPTION OF THE BO NDS; AND 4
1363	1363
1364	1364	(2) CONSTRUCTING IMPROVEM ENTS OR EXTENSIONS T O OR 5
1365	1365	ENLARGEMENTS OF ANY TRANSPORTATION FACIL ITY OR PROJECT. 6
1366	1366
1367	1367	10.5–406. 7
1368	1368
1369	1369	BEFORE THE PREPARATIO N OF DEFINITIVE BOND S, AN AUTHORITY MAY 8
1370	1370	ISSUE INTERIM CERTIF ICATES OR TEMPORARY BONDS, WITH OR WITHOUT 9
1371	1371	COUPONS, EXCHANGEABLE FOR DEF INITIVE BONDS WHEN T HE DEFINITIVE BONDS 10
1372	1372	HAVE BEEN EXECUTED A ND ARE AVAILABLE FOR DELIVERY. 11
1373	1373
1374	1374	10.5–407. 12
1375	1375
1376	1376	(A) AN AUTHORITY MAY ISSUE B OND ANTICIPATION NOT ES PAYABLE TO 13
1377	1377	THE BEARER OR REGIST ERED HOLDER OF THE N OTES OUT OF THE FIRS T PROCEEDS 14
1378	1378	OF THE NEXT SALE OF BONDS ISSUED UNDER T HIS SUBTITLE. 15
1379	1379
1380	1380	(B) THE ISSUANCE OF BOND ANTICIPATION NOTES , THE DETAILS OF THEIR 16
1381	1381	ISSUANCE, THE RIGHTS OF THEIR HOLDERS, AND THE RIGHTS , DUTIES, AND 17
1382	1382	OBLIGATIONS OF THE AUTHORITY WITH RESPEC T TO THE BOND ANT ICIPATION 18
1383	1383	NOTES ARE GOVERNED B Y THE PROVISIONS OF THIS SUBTITLE RELATI NG TO THE 19
1384	1384	ISSUANCE OF THE BOND S IN ANTICIPATION OF THE SALE AT WHICH TH E NOTES ARE 20
1385	1385	ISSUED, INSOFAR AS THOSE PRO VISIONS ARE APPLICAB LE. 21
1386	1386
1387	1387	10.5–408. 22
1388	1388
1389	1389	(A) BONDS ISSUED UNDER TH IS SUBTITLE M AY BE SECURED BY A T RUST 23
1390	1390	AGREEMENT BETWEEN AN AUTHORITY AND A CORPO RATE TRUSTEE , WHICH MAY BE 24
1391	1391	ANY TRUST COMPANY OR BANK HAVING TRUST PO WERS WITHIN OR OUTSI DE THE 25
1392	1392	STATE. 26
1393	1393
1394	1394	(B) THE TRUST AGREEMENT M AY PLEDGE OR ASSIGN ALL OR ANY PART OF 27
1395	1395	THE REVENUES OF AN AUTHORITY OR OF ANY TR ANSPORTATION FACILIT Y OR 28
1396	1396	PROJECT. 29
1397	1397
1398	1398	10.5–409. 30
1399	1399
1400	1400	THE REVENUE DESIGNATE D AS SECURITY FOR BO NDS ISSUED UNDER THI S 31
1401	1401	SUBTITLE SHALL BE FI XED AND ADJUSTED SO AS TO PROVIDE FUNDS THAT ARE 32
1402	1402	SUFFICIENT AS LONG A S THE BONDS ARE OUTS TANDING AND UNPAI D TO PAY THE 33 32 SENATE BILL 881
1403	1403
1404	1404
1405	1405	PRINCIPAL OF AND THE INTEREST ON THE BOND S AS THEY BECOME DUE AND 1
1406	1406	PAYABLE. 2
1407	1407
1408	1408	10.5–410. 3
1409	1409
1410	1410	ALL MONEY THAT IS REC EIVED BY AN AUTHORITY AS PROCEEDS FROM THE 4
1411	1411	SALE OF BONDS , NOTES, OR OTHER EVIDENCES O F OBLIGATION UNDER T HIS 5
1412	1412	SUBTITLE AND , BY WAY OF R ENTALS, RATES, FEES, FARES, AND TAXES, THAT IS 6
1413	1413	DESIGNATED BY ANY TR UST AGREEMENT AS SEC URITY FOR THE BONDS , NOTES, OR 7
1414	1414	OTHER EVIDENCES OF O BLIGATION SHALL BE D EEMED TO BE TRUST FU NDS TO BE 8
1415	1415	HELD AND APPLIED ONL Y AS PROVIDED IN THI S SUBTITLE. 9
1416	1416
1417	1417	10.5–411. 10
1418	1418
1419	1419	EXCEPT TO THE EXTENT RESTRICTED BY THE TR UST AGREEMENT , THE 11
1420	1420	TRUSTEE OR ANY HOLDE R OF BONDS ISSUED UN DER THIS SUBTITLE OR OF ANY OF 12
1421	1421	THE COUPONS APPERTAI NING TO THE BONDS MA Y: 13
1422	1422
1423	1423	(1) BRING A SUIT OR ANY O THER PROCEEDING TO P ROTECT AND 14
1424	1424	ENFORCE ANY RIGHT UN DER THE LAWS OF THE STATE OR UNDER THE TR UST 15
1425	1425	AGREEMENT ; AND 16
1426	1426
1427	1427	(2) ENFORCE AND COMPEL TH E PERFORMANCE OF ALL DUTIES 17
1428	1428	REQUIRED BY THIS SUB TITLE OR BY THE TRUS T AGREEMENT TO BE PE RFORMED BY 18
1429	1429	AN AUTHORITY OR BY ANY O F ITS OFFICERS. 19
1430	1430
1431	1431	10.5–412. 20
1432	1432
1433	1433	BONDS ISSUED UNDER THIS SUBTITLE ARE SE CURITIES: 21
1434	1434
1435	1435	(1) IN WHICH ALL PUBLIC O FFICERS AND PUBLIC B ODIES OF THE 22
1436	1436	STATE AND ITS POLITIC AL SUBDIVISIONS , ALL INSURANCE COMPAN IES, STATE 23
1437	1437	BANKS AND TRUST COMP ANIES, NATIONAL BANKING ASS OCIATIONS, SAVINGS 24
1438	1438	BANKS, SAVINGS AND LOAN ASS OCIATIONS, INVESTMENT COMPANIES , EXECUTORS, 25
1439	1439	ADMINISTRATORS , TRUSTEES, AND OTHER FIDUCIARIE S MAY PROPERLY AND 26
1440	1440	LEGALLY INVEST FUNDS , INCLUDING CAPITAL IN THEIR CONTROL OR BEL ONGING 27
1441	1441	TO THEM; AND 28
1442	1442
1443	1443	(2) THAT MAY BE PROPERLY AND LEGALLY DEPOSITE D WITH AND 29
1444	1444	RECEIVED BY ANY STATE OR COUNTY OFFIC ER OR ANY AGENCY OR POLITICAL 30
1445	1445	SUBDIVISION OF THE STATE FOR ANY PURPOSE FOR WHICH THE DEPOSI T OF BONDS 31
1446	1446	OR OBLIGATIONS OF TH E STATE IS AUTHORIZED B Y LAW. 32
1447	1447
1448	1448	10.5–413. 33 SENATE BILL 881 33
1449	1449
1450	1450
1451	1451
1452	1452	THE BONDS, NOTES, AND OTHER EVIDENCES OF OBLIGATION ISSUED UNDER 1
1453	1453	THIS SUBTITLE, THEIR TRANSFER , THE INTEREST PAYABLE ON THEM, AND ANY 2
1454	1454	INCOME DERIVED FROM THEM, INCLUDING ANY PROFIT REALIZED IN THEIR SA LE 3
1455	1455	OR EXCHANGE , SHALL BE EXEMPT FROM TAXATION BY THE STATE OR BY ANY OF IT S 4
1456	1456	POLITICAL SUBDIVISIO NS, MUNICIPAL CORPORA TIONS, OR PUBLIC AGENCIES . 5
1457	1457
1458	1458	SECTION 4. AND BE IT FURTHER ENACTED, That Section 2 of this Act shall be 6
1459	1459	applicable to all instruments of writing recorded or filed on or after October 1, 2025. 7
1460	1460
1461	1461	SECTION 5. AND BE IT FURTHER ENACTED, That this Act shall take effect 8
1462	1462	October 1, 2025. 9
1463	1463