Maryland 2025 Regular Session

Maryland Senate Bill SB935 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	sb0935
6	6
7	7	SENATE BILL 935
8	8	R2, Q4, Q6 5lr2990
9	9
10	10	By: Senator Benson
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 Authorities – Established 2
19	19
20	20	FOR the purpose of authorizing certain counties to impose certain transportation authority 3
21	21	sales tax surcharges, hotel surcharges, and transfer tax surcharges; establishing the 4
22	22	Baltimore region, Capital region, and Southern Maryland region transportation 5
23	23	authorities to develop and implement certain transportation plans; establishing the 6
24	24	Baltimore region, Capital region, and Southern Maryland region transportation 7
25	25	funds as special, nonlapsing funds; requiring interest earnings of the funds to be 8
26	26	credited to the funds; authorizing a transportation authority to issue certain bonds 9
27	27	payable from certain revenues; and generally relating to regional transportation 10
28	28	authorities. 11
29	29
30	30	BY repealing and reenacting, without amendments, 12
31	31	Article – State Finance and Procurement 13
32	32	Section 6–226(a)(2)(i) 14
33	33	Annotated Code of Maryland 15
34	34	(2021 Replacement Volume and 2024 Supplement) 16
35	35
36	36	BY repealing and reenacting, with amendments, 17
37	37	Article – State Finance and Procurement 18
38	38	Section 6–226(a)(2)(ii)204. and 205. 19
39	39	Annotated Code of Maryland 20
40	40	(2021 Replacement Volume and 2024 Supplement) 21
41	41
42	42	BY adding to 22
43	43	Article – State Finance and Procurement 23
44	44	Section 6–226(a)(2)(ii)206., 207., and 208. 24
45	45	Annotated Code of Maryland 25
46	46	(2021 Replacement Volume and 2024 Supplement) 26
47	47
48	48	BY repealing and reenacting, without amendments, 27 2 SENATE BILL 935
49	49
50	50
51	51	Article – Tax – General 1
52	52	Section 1–101(a) 2
53	53	Annotated Code of Maryland 3
54	54	(2022 Replacement Volume and 2024 Supplement) 4
55	55
56	56	BY adding to 5
57	57	Article – Tax – General 6
58	58	Section 1–101(c–1), (d–1), and (t–1) and 11–104(l) 7
59	59	Annotated Code of Maryland 8
60	60	(2022 Replacement Volume and 2024 Supplement) 9
61	61
62	62	BY repealing and reenacting, with amendments, 10
63	63	Article – Tax – General 11
64	64	Section 2–1303 and 11–102 12
65	65	Annotated Code of Maryland 13
66	66	(2022 Replacement Volume and 2024 Supplement) 14
67	67
68	68	BY repealing and reenacting, with amendments, 15
69	69	Article – Tax – Property 16
70	70	Section 13–401 and 13–402.1 17
71	71	Annotated Code of Maryland 18
72	72	(2019 Replacement Volume and 2024 Supplement) 19
73	73
74	74	BY adding to 20
75	75	Article – Tax – Property 21
76	76	Section 13–414 22
77	77	Annotated Code of Maryland 23
78	78	(2019 Replacement Volume and 2024 Supplement) 24
79	79
80	80	BY adding to 25
81	81	Article – Transportation 26
82	82	Section 10.5–101 through 10.5–413 to be under the new title “Title 10.5. Regional 27
83	83	Transportation Authorities” 28
84	84	Annotated Code of Maryland 29
85	85	(2020 Replacement Volume and 2024 Supplement) 30
86	86
87	87	SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF MARYLAND, 31
88	88	That the Laws of Maryland read as follows: 32
89	89
90	90	Article – State Finance and Procurement 33
91	91
92	92	6–226. 34
93	93
94	94	(a) (2) (i) 1. This subparagraph does not apply in fiscal years 2024 35
95	95	through 2028. 36
96	96	SENATE BILL 935 3
97	97
98	98
99	99	2. Notwithstanding any other provision of law, and unless 1
100	100	inconsistent with a federal law, grant agreement, or other federal requirement or with the 2
101	101	terms of a gift or settlement agreement, net interest on all State money allocated by the 3
102	102	State Treasurer under this section to special funds or accounts, and otherwise entitled to 4
103	103	receive interest earnings, as accounted for by the Comptroller, shall accrue to the General 5
104	104	Fund of the State. 6
105	105
106	106	(ii) The provisions of subparagraph (i) of this paragraph do not apply 7
107	107	to the following funds: 8
108	108
109	109	204. the Victims of Domestic Violence Program Grant Fund; 9
110	110	[and] 10
111	111
112	112	205. the Proposed Programs Collaborative Grant Fund; 11
113	113
114	114	206. THE BALTIMORE REGION TRANSPORTATION FUND; 12
115	115
116	116	207. THE CAPITAL REGION TRANSPORTATION FUND; AND 13
117	117
118	118	208. THE SOUTHERN MARYLAND REGION 14
119	119	TRANSPORTATION FUND. 15
120	120
121	121	Article – Tax – General 16
122	122
123	123	1–101. 17
124	124
125	125	(a) In this article the following words have the meanings indicated. 18
126	126
127	127	(C–1) “BALTIMORE REGION” HAS THE MEANING STAT ED IN § 10.5–101 OF THE 19
128	128	TRANSPORTATION ARTICLE. 20
129	129
130	130	(D–1) “CAPITAL REGION” HAS THE MEANING STAT ED IN § 10.5–201 OF THE 21
131	131	TRANSPORTATION ARTICLE. 22
132	132
133	133	(T–1) “SOUTHERN MARYLAND REGION” HAS THE MEANING STAT ED IN § 23
134	134	10.5–301 OF THE TRANSPORTATION ARTICLE. 24
135	135
136	136	2–1303. 25
137	137
138	138	After making the distributions required under §§ 2–1301 through 2–1302.4 of this 26
139	139	subtitle, the Comptroller shall pay: 27
140	140
141	141	(1) revenues from the hotel surcharge into the Dorchester County 28
142	142	Economic Development Fund established under § 10–130 of the Economic Development 29
143	143	Article; 30
144	144	4 SENATE BILL 935
145	145
146	146
147	147	(2) REVENUES FROM THE TRANSPORTAT ION AUTHORITY SURCHA RGE 1
148	148	AUTHORIZED UNDER § 11–102(C)(1) OF THIS ARTICLE THAT ARE ATTRIBUTABLE TO 2
149	149	RETAIL SALES IN A COUNTY IN THE BALTIMORE REGION OR USES, IN A COUNTY IN 3
150	150	THE BALTIMORE REGION, OF TANGIBLE PERSONAL PROPERTY, A DIGITAL CODE, A 4
151	151	DIGITAL PRODUCT , OR A TAXABLE SERVICE TO THE BALTIMORE REGION 5
152	152	TRANSPORTATION FUND ESTABLISHED UNDE R § 10.5–109 OF THE 6
153	153	TRANSPORTATION ARTICLE; 7
154	154
155	155	(3) REVENUES FROM THE TRANSPORTAT ION AUTHORITY HOTEL 8
156	156	SURCHARGE AUTHORIZED UNDER § 11–102(C)(2) OF THIS ARTICLE THAT ARE 9
157	157	ATTRIBUTABLE TO THE TRANSPORTATION AUTHO RITY HOTEL SURCHARGE IN A 10
158	158	COUNTY IN THE BALTIMORE REGION TO THE BALTIMORE REGION 11
159	159	TRANSPORTATION FUND ESTABLIS HED UNDER § 10.5–109 OF THE 12
160	160	TRANSPORTATION ARTICLE; 13
161	161
162	162	(4) REVENUES FROM THE TRANSPORTAT ION AUTHORITY SURCHA RGE 14
163	163	AUTHORIZED UNDER § 11–102(C)(1) OF THIS ARTICLE THAT ARE ATTRIBUTABLE TO 15
164	164	RETAIL SALES IN A COUNTY IN THE CAPITAL REGION OR USES, IN A COUNTY IN THE 16
165	165	CAPITAL REGION, OF TANGIBLE PERSONAL PROPERTY, A DIGITAL CODE, A DIGITAL 17
166	166	PRODUCT, OR A TAXABLE SERVICE TO THE CAPITAL REGION TRANSPORTATION 18
167	167	FUND ESTABLISHED UNDE R § 10.5–209 OF THE TRANSPORTATION ARTICLE; 19
168	168
169	169	(5) REVENUES FROM THE TRANSPORTAT ION AUTHORI TY HOTEL 20
170	170	SURCHARGE AUTHORIZED UNDER § 11–102(C)(2) OF THIS ARTICLE THAT ARE 21
171	171	ATTRIBUTABLE TO THE TRANSPORTATION AUTHO RITY HOTEL SURCHARGE IN A 22
172	172	COUNTY IN THE CAPITAL REGION TO THE CAPITAL REGION TRANSPORTATION 23
173	173	FUND ESTABLISHED UNDE R § 10.5–209 OF THE TRANSPORTATION ARTICLE; 24
174	174
175	175	(6) REVENUES FROM THE TRANSPORTAT ION AUTHORITY SURCHA RGE 25
176	176	AUTHORIZED UNDER § 11–102(C)(1) OF THIS ARTICLE THAT ARE ATTRIBUTABLE TO 26
177	177	RETAIL SALES IN A COUNTY IN THE SOUTHERN MARYLAND REGION OR USES, IN A 27
178	178	COUNTY IN THE SOUTHERN MARYLAND REGION, OF TANGIBLE PERSONAL 28
179	179	PROPERTY, A DIGITAL CODE, A DIGITAL PRODUCT , OR A TAXABLE SERVICE TO THE 29
180	180	SOUTHERN MARYLAND REGION TRANSPORTATION FUND ESTABLISHED UNDE R § 30
181	181	10.5–309 OF THE TRANSPORTATI ON ARTICLE; 31
182	182
183	183	(7) REVENUES FROM THE TRANSPORTAT ION AUTHORITY HOTEL 32
184	184	SURCHARGE AUTHORIZED UNDER § 11–102(C)(2) OF THIS ARTICLE THAT ARE 33
185	185	ATTRIBUTABLE TO THE TRANSPORTATION AUTHO RITY HOTEL SURCHARGE IN A 34
186	186	COUNTY IN THE SOUTHERN MARYLAND REGION TO THE SOUTHERN MARYLAND 35
187	187	REGION TRANSPORTATION FUND ESTABLISHED UNDE R § 10.5–309 OF THE 36
188	188	TRANSPORTATION ARTICLE; 37
189	189	SENATE BILL 935 5
190	190
191	191
192	192	[(2)] (8) to the Blueprint for Maryland’s Future Fund established under 1
193	193	§ 5–206 of the Education Article, the following percentage of the remaining sales and use 2
194	194	tax revenues: 3
195	195
196	196	(i) for fiscal year 2023, 9.2%; 4
197	197
198	198	(ii) for fiscal year 2024, 11.0%; 5
199	199
200	200	(iii) for fiscal year 2025, 11.3%; 6
201	201
202	202	(iv) for fiscal year 2026, 11.7%; and 7
203	203
204	204	(v) for fiscal year 2027 and each fiscal year thereafter, 12.1%; and 8
205	205
206	206	[(3)] (9) the remaining sales and use tax revenue into the General Fund 9
207	207	of the State. 10
208	208
209	209	11–102. 11
210	210
211	211	(a) Except as otherwise provided in this title, a tax is imposed on: 12
212	212
213	213	(1) a retail sale in the State; and 13
214	214
215	215	(2) a use, in the State, of tangible personal property, a digital code, a digital 14
216	216	product, or a taxable service. 15
217	217
218	218	(b) (1) Subject to paragraph (2) of this subsection, in addition to the tax 16
219	219	imposed under subsection (a) of this section, a hotel surcharge is imposed in Dorchester 17
220	220	County on the sale of a right to occupy a room or lodgings as a transient guest in an 18
221	221	establishment that offers at least 380 rooms. 19
222	222
223	223	(2) The hotel surcharge imposed under paragraph (1) of this subsection 20
224	224	may not be imposed if the Maryland Economic Development Corporation certifies to the 21
225	225	Comptroller that the bonds issued by the Maryland Economic Development Corporation 22
226	226	secured by the Dorchester County Economic Development Fund established under § 23
227	227	10–130 of the Economic Development Article have been paid in full. 24
228	228
229	229	(c) (1) IN ADDITION TO THE TAX IMPOSED UNDER SUBSEC TION (A) OF 25
230	230	THIS SECTION, A COUNTY LOCATED IN THE BALTIMORE REGION, CAPITAL REGION, 26
231	231	OR SOUTHERN MARYLAND REGION MAY IMPOSE , BY LAW, A TRANSPORTATION 27
232	232	AUTHORITY SURCHARGE ON: 28
233	233
234	234	(I) A RETAIL SALE IN THE COUNTY; AND 29
235	235
236	236	(II) A USE IN THE COUNTY OF TANGIBLE PERSONAL PROPERTY, 30
237	237	A DIGITAL CODE, A DIGITAL PRODUCT , OR A TAXABLE SERVICE . 31 6 SENATE BILL 935
238	238
239	239
240	240
241	241	(2) IN ADDITION TO THE TA X IMPOSED UNDER SUBS ECTION (A) OF 1
242	242	THIS SECTION AND THE SURCHARGE IMPOSED UN DER PARAGRAPH (1) OF THIS 2
243	243	SUBSECTION, A COUNTY LOCATED IN THE BALTIMORE REGION, CAPITAL REGION, 3
244	244	OR SOUTHERN MARYLAND REGION MAY IMPOSE , BY LAW, A TRANSPORTATION 4
245	245	AUTHORITY HOTEL SURC HARGE ON THE SALE OF A RIGHT TO OCCUPY A ROOM OR 5
246	246	LODGINGS AS A TRANSI ENT GUEST. 6
247	247
248	248	(3) (I) A SURCHARGE AUTHORIZED UNDER THIS SUBSECTIO N 7
249	249	CONTINUES UNTIL THE COUNTY CHANGES THE S URCHARGE OR RATE BY LAW. 8
250	250
251	251	(II) IF A COUNTY IMPOSES O R CHANGES THE RATE O F A 9
252	252	SURCHARGE , THE SURCHARGE IS EFF ECTIVE ON JANUARY 1 OF THE YEAR THAT THE 10
253	253	COUNTY DESIGNATES . 11
254	254
255	255	(III) A COUNTY SHAL L GIVE THE COMPTROLLER NOTICE OF THE 12
256	256	IMPOSITION OF THE SU RCHARGE OR A CHANGE IN THE RATE OF THE S URCHARGE 13
257	257	ON OR BEFORE JULY 1 PRIOR TO ITS EFFECTI VE DATE. 14
258	258
259	259	(D) (1) [A] EXCEPT AS PROVIDED IN SUBSECTION (C) OF THIS SECTION, A 15
260	260	county, municipal corporation, special taxing district, or other political subdivision of the 16
261	261	State may not impose any retail sales or use tax except: 17
262	262
263	263	(i) a sales tax or use tax that was in effect on January 1, 1971; 18
264	264
265	265	(ii) a tax on the sale or use of: 19
266	266
267	267	1. fuels; 20
268	268
269	269	2. utilities; 21
270	270
271	271	3. space rentals; or 22
272	272
273	273	4. any controlled dangerous substance, as defined in § 5–101 23
274	274	of the Criminal Law Article, unless the sale is made by a person who registers under and 24
275	275	complies with Title 5, Subtitle 3 of the Criminal Law Article; or 25
276	276
277	277	(iii) a tax imposed by a code county on the sale or use of food and 26
278	278	beverages authorized under § 20–602 of the Local Government Article. 27
279	279
280	280	(2) Paragraph (1) of this subsection may not be construed as conferring 28
281	281	authority to impose a sales and use tax. 29
282	282
283	283	11–104. 30
284	284	SENATE BILL 935 7
285	285
286	286
287	287	(L) (1) THE RATE OF THE TRANS PORTATION AUTHORITY SURCHARGE 1
288	288	AUTHORIZED UNDER § 11–102(C)(1) OF THIS SUBTITLE MAY NOT EXCEED 1%. 2
289	289
290	290	(2) THE RATE OF THE TRANS PORTATION AUTHORITY HOTEL 3
291	291	SURCHARGE AUTHORIZED UNDER § 11–102(C)(2) OF THIS SUBTITLE MAY NOT 4
292	292	EXCEED 2%. 5
293	293
294	294	SECTION 2. AND BE IT FURTHER ENACTED, That the Laws of Maryland read 6
295	295	as follows: 7
296	296
297	297	Article – Tax – Property 8
298	298
299	299	13–401. 9
300	300
301	301	(A) In this subtitle[, “county] THE FOLLOWING WORDS HAVE THE MEANINGS 10
302	302	INDICATED. 11
303	303
304	304	(B) “BALTIMORE REGION” HAS THE MEANING STAT ED IN § 10.5–101 OF THE 12
305	305	TRANSPORTATION ARTICLE. 13
306	306
307	307	(C) “CAPITAL REGION” HAS THE MEANING STAT ED IN § 10.5–201 OF THE 14
308	308	TRANSPORTATION ARTICLE. 15
309	309
310	310	(D) “COUNTY transfer tax” means the transfer tax imposed by a county. 16
311	311
312	312	(E) “SOUTHERN MARYLAND REGION” HAS THE MEANING STAT ED IN § 17
313	313	10.5–301 OF THE TRANSPORTATION ARTICLE. 18
314	314
315	315	13–402.1. 19
316	316
317	317	(a) The governing body of a county that has adopted home rule powers under 20
318	318	Article XI–F of the Maryland Constitution may impose a transfer tax on an instrument of 21
319	319	writing: 22
320	320
321	321	(1) recorded with the clerk of the circuit court for the county; or 23
322	322
323	323	(2) filed with the Department. 24
324	324
325	325	(b) A transfer tax imposed under this section: 25
326	326
327	327	(1) may not exceed 0.5%; and 26
328	328
329	329	(2) does not apply to an instrument of writing exempt from the State 27
330	330	transfer tax under § 13–207 of this title. 28
331	331	8 SENATE BILL 935
332	332
333	333
334	334	(C) (1) IN ADDITION TO THE TR ANSFER TAX IMPOSED U NDER 1
335	335	SUBSECTION (A) OF THIS SECTION, A COUNTY LOCATED IN THE BALTIMORE REGION, 2
336	336	CAPITAL REGION, OR SOUTHERN MARYLAND REGION MAY IMPOSE A 3
337	337	TRANSPORTATION AUTHO RITY TRANSFER TAX SU RCHARGE ON AN INSTRU MENT OF 4
338	338	WRITING THAT TRANSFE RS PROPERTY AND IS R ECORDED WITH THE CLE RK OF THE 5
339	339	CIRCUIT COURT FOR A COUNTY THAT IS LOCAT ED WITHIN THE BALTIMORE REGION, 6
340	340	THE CAPITAL REGION, OR THE SOUTHERN MARYLAND REGION. 7
341	341
342	342	(2) THE TRANSPORTATION AU THORITY TRANSFER TAX SURCHARGE 8
343	343	AUTHORIZED UNDER THI S SUBSECTION MAY NOT EXCEED 0.15%. 9
344	344
345	345	13–414. 10
346	346
347	347	(A) THE REVENUE FROM THE TRANSPORTATION AUTHO RITY TRANSFER TAX 11
348	348	SURCHARGE ON AN INST RUMENT OF WRITING RECORDED WITH THE CL ERK OF THE 12
349	349	CIRCUIT COURT FOR A COUNTY THAT IS LOCAT ED WITHIN THE BALTIMORE REGION 13
350	350	SHALL BE DISTRIBUTED TO THE BALTIMORE REGION TRANSPORTATION FUND 14
351	351	ESTABLISHED UNDER § 10.5–109 OF THE TRANSPORTATION ARTICLE. 15
352	352
353	353	(B) THE REVENUE FROM THE TRANSPORTATION AUTHOR ITY TRANSFER TAX 16
354	354	SURCHARGE ON AN INST RUMENT OF WRITING RE CORDED WITH THE CLER K OF THE 17
355	355	CIRCUIT COURT FOR A COUNTY THAT IS LOCAT ED WITHIN THE CAPITAL REGION 18
356	356	SHALL BE DISTRIBUTED TO THE CAPITAL REGION TRANSPORTATION FUND 19
357	357	ESTABLISHED UNDER § 10.5–209 OF THE TRANSPORTATION ARTICLE. 20
358	358
359	359	(C) THE REVENUE FROM THE TRANSPORTATION AUTHO RITY TRANSFER TAX 21
360	360	SURCHARGE ON AN INST RUMENT OF WRITING RE CORDED WITH THE CLER K OF THE 22
361	361	CIRCUIT COURT FOR A COUNTY THAT IS LOCAT ED WITHIN THE SOUTHERN 23
362	362	MARYLAND REGION SHALL BE DISTRIBUTED TO THE SOUTHERN MARYLAND 24
363	363	REGION TRANSPORTATION FUND ESTABLISHED UNDE R § 10.5–309 OF THE 25
364	364	TRANSPORTATION ARTICLE. 26
365	365
366	366	SECTION 3. AND BE IT FURTHER ENACTED, That the Laws of Maryland read 27
367	367	as follows: 28
368	368
369	369	Article – Transportation 29
370	370
371	371	TITLE 10.5. REGIONAL TRANSPORTATION AUTHORITIES. 30
372	372
373	373	SUBTITLE 1. BALTIMORE REGION TRANSPORTATION AUTHORITY. 31
374	374
375	375	10.5–101. 32
376	376	SENATE BILL 935 9
377	377
378	378
379	379	(A) IN THIS SUBTITLE THE FOLLOWING WORDS HAVE THE MEANINGS 1
380	380	INDICATED. 2
381	381
382	382	(B) “AUTHORITY” MEANS THE BALTIMORE REGION TRANSPORTATION 3
383	383	AUTHORITY. 4
384	384
385	385	(C) “BALTIMORE REGION” MEANS ANNE ARUNDEL COUNTY, BALTIMORE 5
386	386	COUNTY, BALTIMORE CITY, HARFORD COUNTY, AND HOWARD COUNTY. 6
387	387
388	388	(D) “TRANSPORTATION FACILI TY” HAS THE MEANING STAT ED IN § 3–101 OF 7
389	389	THIS ARTICLE. 8
390	390
391	391	10.5–102. 9
392	392
393	393	(A) THERE IS A BALTIMORE REGION TRANSPORTATIO N AUTHORITY. 10
394	394
395	395	(B) THE AUTHORITY IS A BODY P OLITIC AND CORPORATE AND IS AN 11
396	396	INSTRUMENTALITY OF T HE STATE. 12
397	397
398	398	(C) THE EXERCISE BY THE AUTHORITY OF A POWER UNDER THIS SUBTITLE 13
399	399	IS THE PERFORMANCE O F AN ESSENTIAL GOVER NMENTAL FUNCTION . 14
400	400
401	401	(D) THE GOVERNING BODY OF A COUNTY LOCATED IN THE BALTIMORE 15
402	402	REGION MAY ELECT, BY LAW, TO BE A MEMBER OF TH E AUTHORITY. 16
403	403
404	404	10.5–103. 17
405	405
406	406	THE PURPOSE OF THE AUTHORITY IS TO PREPA RE AND IMPLEMENT 18
407	407	INVESTMENTS IN TRANS PORTATION PROJECTS T HAT MAXIMIZE THE MOV EMENT OF 19
408	408	PEOPLE AND PROMOTE EFF ICIENCY, SAFETY, AND OTHER VALUES SUC H AS 20
409	409	ENVIRONMENTAL AND SO CIAL JUSTICE IMPACTS . 21
410	410
411	411	10.5–104. 22
412	412
413	413	(A) THE AUTHORITY CONSISTS OF THE FOLLOWING MEMBER S: 23
414	414
415	415	(1) IF THE GOVERNING BODY OF BALTIMORE CITY ELECTS TO 24
416	416	BECOME A MEMBER OF T HE AUTHORITY, THE MAYOR OF BALTIMORE CITY, OR THE 25
417	417	MAYOR’S DESIGNEE; 26
418	418
419	419	(2) IF THE GOVERNING BODY OF ANNE ARUNDEL COUNTY ELECTS TO 27
420	420	BECOME A MEMBER OF T HE AUTHORITY, THE COUNTY EXECUTIVE OF ANNE 28
421	421	ARUNDEL COUNTY, OR THE COUNTY EXECUTIVE’S DESIGNEE; 29 10 SENATE BILL 935
422	422
423	423
424	424
425	425	(3) IF THE GOVERN ING BODY OF BALTIMORE COUNTY ELECTS TO 1
426	426	BECOME A MEMBER OF T HE AUTHORITY, THE COUNTY EXECUTIVE OF BALTIMORE 2
427	427	COUNTY, OR THE COUNTY EXECUTIVE’S DESIGNEE; 3
428	428
429	429	(4) IF THE GOVERNING BODY OF HARFORD COUNTY ELECTS TO 4
430	430	BECOME A MEMBER OF T HE AUTHORITY, THE COUNTY EXECUTIVE OF HARFORD 5
431	431	COUNTY, OR THE COUNTY EXECUTIVE’S DESIGNEE; 6
432	432
433	433	(5) IF THE GOVERNING BODY OF HOWARD COUNTY ELECTS TO 7
434	434	BECOME A MEMBER OF T HE AUTHORITY, THE COUNTY EXECUTIVE OF HOWARD 8
435	435	COUNTY, OR THE COUNTY EXECUTIVE’S DESIGNEE; 9
436	436
437	437	(6) ONE ELECTED OFFICIA L FROM EACH MUNICIPA LITY WITHIN THE 10
438	438	BALTIMORE REGION, APPOINTED BY THE GOV ERNING BODY OF THE M UNICIPALITY; 11
439	439
440	440	(7) ONE MEMBER OF THE SENATE OF MARYLAND WHO RESIDES 12
441	441	WITHIN THE BALTIMORE REGION, APPOINTED BY THE PRESIDENT OF THE SENATE; 13
442	442
443	443	(8) TWO MEMBERS OF THE HOUSE OF DELEGATES WHO RESIDE 14
444	444	WITHIN THE BALTIMORE REGION, APPOINTED BY THE SPEAKER OF THE HOUSE; 15
445	445	AND 16
446	446
447	447	(9) TWO MEMBERS WITH EXPE RIENCE IN TRANSPORTA TION 17
448	448	PLANNING, FINANCE, ENGINEERING , CONSTRUCTION , OR MANAGEMENT , 18
449	449	APPOINTED BY THE GOVERNOR. 19
450	450
451	451	(B) THE SECRETARY SHALL SERVE AS A NONVOTING , EX OFFICIO MEMBER . 20
452	452
453	453	(C) (1) THE TERM OF A MEMBER IS 4 YEARS. 21
454	454
455	455	(2) AT THE END OF A TERM , A MEMBER CONTINUES T O SERVE UNTIL 22
456	456	A SUCCESSOR IS APPOI NTED AND QUALIFIES . 23
457	457
458	458	(D) FROM AMONG ITS MEMBER S, THE AUTHORITY SHALL EL ECT A CHAIR 24
459	459	AND A VICE CHAIR. 25
460	460
461	461	(E) THE AUTHORITY SHALL ADOPT RULES AND REGULATION S NECESSARY 26
462	462	FOR THE CONDUCT OF I TS AFFAIRS. 27
463	463
464	464	10.5–105. 28
465	465	SENATE BILL 935 11
466	466
467	467
468	468	(A) (1) THE AUTHORITY SHALL EMPLO Y AN EXECUTIVE DIRECTOR TO 1
469	469	SERVE AS THE CHIEF E XECUTIVE OFFICER OF THE AUTHORITY. 2
470	470
471	471	(2) THE EXECUTIVE DIRECTOR SHALL SERVE AT THE PLEASURE OF 3
472	472	THE AUTHORITY. 4
473	473
474	474	(B) THE AUTHORITY MAY EMPLOY OR RETAIN OFFICERS , STAFF, AND 5
475	475	AGENTS, INCLUDING ENGINEERIN G, ARCHITECTURAL , FISCAL, AND CONSTRUCTION 6
476	476	EXPERTS AND ATTORNEY S, AND SET THEIR COMPEN SATION. 7
477	477
478	478	10.5–106. 8
479	479
480	480	(A) THE AUTHORITY MAY : 9
481	481
482	482	(1) ADOPT BYLAWS FOR THE CONDUCT OF ITS BUSIN ESS; 10
483	483
484	484	(2) ADOPT A SEAL; 11
485	485
486	486	(3) MAINTAIN OFFICES AT A PLACE IT DESIGNATES IN THE STATE; 12
487	487
488	488	(4) ACCEPT LOANS, GRANTS, OR ASSISTANCE OF ANY KIND FROM THE 13
489	489	FEDERAL OR STATE GOVERNMENT , A LOCAL GOVERNMENT , A COLLEGE OR 14
490	490	UNIVERSITY, OR A PRIVATE SOURCE ; 15
491	491
492	492	(5) ENTER INTO CONTRACTS AND OTHER LEGAL INST RUMENTS; 16
493	493
494	494	(6) SUE OR BE SUED; 17
495	495
496	496	(7) ACQUIRE, PURCHASE, HOLD, LEASE AS LESSEE , AND USE: 18
497	497
498	498	(I) A FRANCHISE, PATENT, OR LICENSE; 19
499	499
500	500	(II) STOCK OR OTHER FORMS OF OWNERSHIP INTERES TS IN 20
501	501	CORPORATIONS , LIMITED LIABILITY CO MPANIES, PARTNERSHIPS , OR OTHER 21
502	502	ENTITIES, WHETHER OPERATED FOR PROFIT OR NOT FOR PR OFIT; 22
503	503
504	504	(III) ANY REAL, PERSONAL, MIXED, TANGIBLE, OR INTANGIBLE 23
505	505	PROPERTY; OR 24
506	506
507	507	(IV) AN INTEREST IN A PROP ERTY LISTED UNDER IT EMS (I) 25
508	508	THROUGH (III) OF THIS ITEM; 26
509	509	12 SENATE BILL 935
510	510
511	511
512	512	(8) SELL, LEASE AS LESSOR , TRANSFER, LICENSE, ASSIGN, OR 1
513	513	DISPOSE OF PROPERTY OR A PROPERTY INTERE ST THAT IT ACQUIRES ; 2
514	514
515	515	(9) FIX AND COLLECT RATES , RENTALS, FEES, ROYALTIES, AND 3
516	516	CHARGES FOR SERVICES AND RESOURCES IT PRO VIDES OR MAKES AVAIL ABLE; 4
517	517
518	518	(10) CREATE, OWN, CONTROL, OR BE A MEMBER OF A CORPORATION , 5
519	519	LIMITED LIABILITY CO MPANY, PARTNERSHIP , OR OTHER ENTITY , WHETHER 6
520	520	OPERATED FOR PROFIT OR NOT FOR PROFIT ; 7
521	521
522	522	(11) EXERCISE POWER USUALLY PO SSESSED BY A PRIVATE 8
523	523	CORPORATION IN PERFO RMING SIMILAR FUNCTI ONS UNLESS TO DO SO WOULD 9
524	524	CONFLICT WITH STATE LAW; AND 10
525	525
526	526	(12) DO ALL THINGS NECESSA RY OR CONVENIENT TO CARRY OUT THE 11
527	527	POWERS GRANTED BY TH IS SUBTITLE. 12
528	528
529	529	(B) THE AUTHORITY MAY DELEGATE ANY POWER O R DUTY IT CONSIDERS 13
530	530	APPROPRIATE TO A MEM BER, AN OFFICER, AN AGENT, OR AN EMPLOYEE OF TH E 14
531	531	AUTHORITY. 15
532	532
533	533	10.5–107. 16
534	534
535	535	(A) (1) THE AUTHORITY SHALL PREPA RE A REGIONAL TRANSPORTATION 17
536	536	PLAN FOR THE BALTIMORE REGION THAT INCLUDES TRANSP ORTATION 18
537	537	IMPROVEMENTS OF REGIONAL SIGNIFICANCE. 19
538	538
539	539	(2) THE AUTHORITY MAY REVISE THE REGIONAL TRANSPORTATION 20
540	540	PLAN. 21
541	541
542	542	(B) AFTER THE ADOPTION OF A REGIONAL TRANSPORTATION PLAN , THE 22
543	543	AUTHORITY MAY CONSTRU CT OR ACQUIRE , BY PURCHASE , LEASE, CONTRACT, OR 23
544	544	OTHERWISE, THE TRANS PORTATION FACILITIES SPECIFIED IN THE REGIONAL 24
545	545	TRANSPORTATION PLAN . 25
546	546
547	547	10.5–108. 26
548	548
549	549	(A) THE AUTHORITY SHALL HAVE THE FOLLOWING DUTIES AND 27
550	550	RESPONSIBILITIES : 28
551	551
552	552	(1) GENERAL OVERSIGHT OF REGIONAL TRANSPORTATION 29
553	553	PROGRAMS; 30
554	554	SENATE BILL 935 13
555	555
556	556
557	557	(2) LONG–RANGE REGIONAL PLANNING FOR T HE BALTIMORE 1
558	558	REGION, BOTH FISCALLY CONSTR AINED AND UNCONSTRAI NED; 2
559	559
560	560	(3) RECOMMENDING TO STATE, REGIONAL, AND FEDERAL AGENCIES 3
561	561	REGIONAL TRANSPORTATION PRIOR ITIES, INCLUDING PUBLIC –PRIVATE 4
562	562	TRANSPORTATION PROJE CTS, AND FUNDING ALLOCATI ONS; 5
563	563
564	564	(4) ALLOCATING TO PRIORITY REGIONAL TRANSPORTATION 6
565	565	PROJECTS ANY FUNDS M ADE AVAILABLE TO THE AUTHORITY AND , AT THE 7
566	566	DISCRETION OF THE AUTHORITY, DIRECTLY OVERSEEING THE PROJECTS ; 8
567	567
568	568	(5) RECOMMENDING TO THE DEPARTMENT PRIORITY REGIONAL 9
569	569	TRANSPORTATION PROJE CTS FOR RECEIPT OF FEDERAL AND STATE FUNDS; 10
570	570
571	571	(6) RECOMMENDING TO THE DEPARTMENT USE OR CHA NGES IN USE 11
572	572	OF TOLLS OR CHARGES FOR FACILITIES IN TH E BALTIMORE REGION; 12
573	573
574	574	(7) GENERAL OVERSIGHT OF REGIONAL TRANSPORTATION ISSUE S OF 13
575	575	A MULTIJURISDICTIONA L NATURE, INCLUDING INTELLIGENT TRANSPOR TATION 14
576	576	SYSTEMS, SIGNALIZATION, AND PREPARATION FOR AND RESPONSE TO 15
577	577	EMERGENCIES ; 16
578	578
579	579	(8) SERVING AS AN ADVOCAT E FOR THE TRANSPORTA TION NEEDS OF 17
580	580	THE BALTIMORE REGION BEFORE THE STATE AND FEDERAL GOV ERNMENTS; AND 18
581	581
582	582	(9) APPLYING TO AND NEGOTIATING WITH THE FEDERAL 19
583	583	GOVERNMENT AND THE STATE FOR GRANTS AND ANY OTHER FUNDS AVAI LABLE TO 20
584	584	CARRY OUT THE PURPOS ES OF THIS SUBTITLE . 21
585	585
586	586	(B) THE AUTHORITY SHALL CONSU LT WITH THE DEPARTMENT , 22
587	587	METROPOLITAN PLANNIN G ORGANIZATIONS , AND OTHER STAKEHOLDE RS IN 23
588	588	RECOMMENDING OR PRIO RITIZING ANY TRANSPO RTATION PROJECT . 24
589	589
590	590	10.5–109. 25
591	591
592	592	(A) IN THIS SECTION , “FUND” MEANS THE BALTIMORE REGION 26
593	593	TRANSPORTATION FUND. 27
594	594
595	595	(B) THERE IS A BALTIMORE REGION TRANSPORTATION FUND. 28
596	596
597	597	(C) THE PURPOSE OF THE FUND IS TO FINANCE TR ANSPORTA TION 29
598	598	FACILITIES IN THE BALTIMORE REGION. 30
599	599	14 SENATE BILL 935
600	600
601	601
602	602	(D) THE EXECUTIVE DIRECTOR OF THE AUTHORITY SHALL ADMIN ISTER 1
603	603	THE FUND. 2
604	604
605	605	(E) (1) THE FUND IS A SPECIAL , NONLAPSING FUND THAT IS NOT 3
606	606	SUBJECT TO § 7–302 OF THE STATE FINANCE AND PROCUREMENT ARTICLE. 4
607	607
608	608	(2) THE STATE TREASURER SHALL HOLD THE FUND SEPARATELY , 5
609	609	AND THE COMPTROLLER SHALL ACC OUNT FOR THE FUND. 6
610	610
611	611	(F) THE FUND CONSISTS OF : 7
612	612
613	613	(1) MONEY APPROPRIATED IN THE STATE BUDGET TO THE FUND; 8
614	614
615	615	(2) INTEREST EARNINGS ; 9
616	616
617	617	(3) REVENUE DISTRIBUTED T O THE FUND UNDER § 2–1303 OF THE 10
618	618	TAX – GENERAL ARTICLE; 11
619	619
620	620	(4) REVENUE DISTRIBUTED T O THE FUND UNDER § 13–414 OF THE 12
621	621	TAX – PROPERTY ARTICLE; AND 13
622	622
623	623	(5) ANY OTHER MONEY FROM ANY OTHER SOURCE ACC EPTED FOR 14
624	624	THE BENEFIT OF THE FUND. 15
625	625
626	626	(G) THE FUND MAY BE USED ONLY FOR THE FINANCI NG OF 16
627	627	TRANSPORTATION FACIL ITIES IN THE BALTIMORE REGION. 17
628	628
629	629	(H) (1) THE STATE TREASURER SHALL INVES T THE MONEY OF THE FUND 18
630	630	IN THE SAME MANNER A S OTHER STATE MONEY MAY BE IN VESTED. 19
631	631
632	632	(2) ANY INTEREST EARNINGS OF THE FUND SHALL BE CREDITE D TO 20
633	633	THE FUND. 21
634	634
635	635	(I) EXPENDITURES FROM THE FUND MAY BE MADE ONLY IN ACCORDANCE 22
636	636	WITH THE STATE BUDGET . 23
637	637
638	638	(J) MONEY EXPENDED FROM T HE FUND FOR FINANCING TR ANSPORTATION 24
639	639	FACILITIES IN THE BALTIMORE REGION IS SUPPLEMENTAL TO A ND IS NOT 25
640	640	INTENDED TO TAKE THE PLACE OF FUNDING THA T OTHERWISE WOULD BE 26
641	641	APPROPRIATED FOR TRA NSPORTATION FACILITI ES IN THE BALTIMORE REGION. 27
642	642
643	643	10.5–110. 28
644	644	SENATE BILL 935 15
645	645
646	646
647	647	ON OR BEFORE JANUARY 1, 2026, AND EACH JANUARY 1 THEREAFTER , THE 1
648	648	AUTHORITY SHALL REPOR T TO THE GENERAL ASSEMBLY, IN ACCORDANCE WITH § 2
649	649	2–1257 OF THE STATE GOVERNMENT ARTICLE, ON THE ACTIVITIES OF THE 3
650	650	AUTHORITY DURING THE PRIOR YEAR. 4
651	651
652	652	SUBTITLE 2. CAPITAL REGION TRANSPORTATION AUTHORITY. 5
653	653
654	654	10.5–201. 6
655	655
656	656	(A) IN THIS SUBTITLE THE FOLLOWING WORDS HAVE THE MEANINGS 7
657	657	INDICATED. 8
658	658
659	659	(B) “AUTHORITY” MEANS THE CAPITAL REGION TRANSPORTATION 9
660	660	AUTHORITY. 10
661	661
662	662	(C) “CAPITAL REGION” MEANS FREDERICK COUNTY, MONTGOMERY 11
663	663	COUNTY, AND PRINCE GEORGE’S COUNTY. 12
664	664
665	665	(D) “TRANSPORTATION FACILI TY” HAS THE MEANING STAT ED IN § 3–101 OF 13
666	666	THIS ARTICLE. 14
667	667
668	668	10.5–202. 15
669	669
670	670	(A) THERE IS A CAPITAL REGION TRANSPORT ATION AUTHORITY. 16
671	671
672	672	(B) THE AUTHORITY IS A BODY P OLITIC AND CORPORATE AND IS AN 17
673	673	INSTRUMENTALITY OF T HE STATE. 18
674	674
675	675	(C) THE EXERCISE BY THE AUTHORITY OF A POWER UNDER THIS SUBTITLE 19
676	676	IS THE PERFORMANCE O F AN ESSENTIAL GOVER NMENTAL FUNCTION . 20
677	677
678	678	(D) THE GOVERNING BO DY OF A COUNTY LOCAT ED IN THE CAPITAL REGION 21
679	679	MAY ELECT, BY LAW, TO BE A MEMBER OF TH E AUTHORITY. 22
680	680
681	681	10.5–203. 23
682	682
683	683	THE PURPOSE OF THE AUTHORITY IS TO PREPA RE AND IMPLEMENT 24
684	684	INVESTMENTS IN TRANS PORTATION PROJECTS T HAT MAXIMIZE THE MOV EMENT OF 25
685	685	PEOPLE AND PROMOTE E FFICIENCY, SAFETY, AND OTHER VALUES SUC H AS 26
686	686	ENVIRONMENTAL AND SO CIAL JUSTICE IMPACTS . 27
687	687
688	688	10.5–204. 28
689	689	16 SENATE BILL 935
690	690
691	691
692	692	(A) THE AUTHORITY CONSISTS OF THE FOLLOWING MEMBER S: 1
693	693
694	694	(1) IF THE GOVERNING BODY OF FREDERICK COUNTY ELECTS TO 2
695	695	BECOME A MEMBER OF T HE AUTHORITY, THE COUNTY EXECUTIVE OF FREDERICK 3
696	696	COUNTY, OR THE COUNTY EXECUTIVE’S DESIGNEE; 4
697	697
698	698	(2) IF THE GOVERNING BODY OF MONTGOMERY COUNTY ELECTS TO 5
699	699	BECOME A MEMBER OF T HE AUTHORITY, THE COUNTY EXECUTIVE OF 6
700	700	MONTGOMERY COUNTY, OR THE COUNTY EXECUTIVE’S DESIGNEE; 7
701	701
702	702	(3) IF THE GOVERNING BODY OF PRINCE GEORGE’S COUNTY ELECTS 8
703	703	TO BECOME A MEMBER O F THE AUTHORITY, THE COUNTY EXECUTIVE OF PRINCE 9
704	704	GEORGE’S COUNTY, OR THE COUNTY EXECUTIVE’S DESIGNEE; 10
705	705
706	706	(4) ONE MEMBER OF THE SENATE OF MARYLAND WHO RESIDES 11
707	707	WITHIN THE CAPITAL REGION, APPOINTED BY THE PRESIDENT OF THE SENATE; 12
708	708
709	709	(5) TWO MEMBERS OF THE HOUSE OF DELEGATES WHO RESIDE 13
710	710	WITHIN THE CAPITAL REGION, APPOINTED BY THE SPEAKER OF THE HOUSE; 14
711	711
712	712	(6) ONE REPRESENTATIVE OF THE MUNICIPALITIES I N FREDERICK 15
713	713	COUNTY, DESIGNATED BY THE MU NICIPALITIES IN FREDERICK COUNTY; 16
714	714
715	715	(7) ONE REPRESENTATIVE OF THE MUNICIPALITIES I N 17
716	716	MONTGOMERY COUNTY, DESIGNATED BY THE MU NICIPALITIES IN MONTGOMERY 18
717	717	COUNTY; 19
718	718
719	719	(8) ONE REPRESENTATIVE OF THE MUNICIPALITIES I N PRINCE 20
720	720	GEORGE’S COUNTY, DESIGNATED BY THE MU NICIPALITIES IN PRINCE GEORGE’S 21
721	721	COUNTY; AND 22
722	722
723	723	(9) TWO MEMBERS WITH EXPE RIENCE IN TRANSPORTA TION 23
724	724	PLANNING, FINANCE, ENGINEERING , CONSTRUCTION , OR MANAGEMENT , 24
725	725	APPOINTED BY THE GOVERNOR. 25
726	726
727	727	(B) THE SECRETARY SHALL SERVE AS A NONVOTING , EX OFFICIO MEMBER . 26
728	728
729	729	(C) (1) THE TERM OF A MEMBER IS 4 YEARS. 27
730	730
731	731	(2) AT THE END OF A TERM , A MEMBER CONTINUES T O SERVE UNTIL 28
732	732	A SUCCESSOR IS APPOI NTED AND QUALIFIES . 29
733	733	SENATE BILL 935 17
734	734
735	735
736	736	(D) FROM AMONG ITS MEMBER S, THE AUTHORITY SHALL ELECT A CHAIR 1
737	737	AND A VICE CHAIR. 2
738	738
739	739	(E) THE AUTHORITY SHALL ADOPT RULES AND REGULATIONS NECE SSARY 3
740	740	FOR THE CONDUCT OF I TS AFFAIRS. 4
741	741
742	742	10.5–205. 5
743	743
744	744	(A) (1) THE AUTHORITY SHALL EMPLO Y AN EXECUTIVE DIRECTOR TO 6
745	745	SERVE AS THE CHIEF E XECUTIVE OFFICER OF THE AUTHORITY. 7
746	746
747	747	(2) THE EXECUTIVE DIRECTOR SHALL SERVE AT THE PLEASURE OF 8
748	748	THE AUTHORITY. 9
749	749
750	750	(B) THE AUTHORITY MAY EMPLOY OR RETAIN OFFICERS , STAFF, AND 10
751	751	AGENTS, INCLUDING ENGINEERIN G, ARCHITECTURAL , FISCAL, AND CONSTRUCTION 11
752	752	EXPERTS AND ATTORNEY S, AND SET THEIR COMPEN SATION. 12
753	753
754	754	10.5–206. 13
755	755
756	756	(A) THE AUTHORITY MAY : 14
757	757
758	758	(1) ADOPT BYLAWS FOR T HE CONDUCT OF ITS BU SINESS; 15
759	759
760	760	(2) ADOPT A SEAL; 16
761	761
762	762	(3) MAINTAIN OFFICES AT A PLACE IT DESIGNATES IN THE STATE; 17
763	763
764	764	(4) ACCEPT LOANS, GRANTS, OR ASSISTANCE OF ANY KIND FROM THE 18
765	765	FEDERAL OR STATE GOVERNMENT , A LOCAL GOVERNMENT , A COLLEGE OR 19
766	766	UNIVERSITY, OR A PRIVATE SOURCE ; 20
767	767
768	768	(5) ENTER INTO CONTRACTS AND OTHER LEGAL INST RUMENTS; 21
769	769
770	770	(6) SUE OR BE SUED; 22
771	771
772	772	(7) ACQUIRE, PURCHASE, HOLD, LEASE AS LESSEE , AND USE: 23
773	773
774	774	(I) A FRANCHISE, PATENT, OR LICENSE; 24
775	775
776	776	(II) STOCK OR OTHER FORMS OF OWNERSHIP INTERES TS IN 25
777	777	CORPORATIONS , LIMITED LIABILITY CO MPANIES, PARTNERSHIPS , OR OTHER 26
778	778	ENTITIES, WHETHER OPERATED FOR PROFIT OR NOT FOR PR OFIT; 27 18 SENATE BILL 935
779	779
780	780
781	781
782	782	(III) ANY REAL, PERSONAL, MIXED, TANGIBLE, OR INTANGIBLE 1
783	783	PROPERTY; OR 2
784	784
785	785	(IV) AN INTEREST IN A PROP ERTY LISTED UNDER IT EMS (I) 3
786	786	THROUGH (III) OF THIS ITEM; 4
787	787
788	788	(8) SELL, LEASE AS LESSOR , TRANSFER, LICENSE, ASSIGN, OR 5
789	789	DISPOSE OF PROPERTY OR A PROPERTY INTERE ST THAT IT ACQUIRES ; 6
790	790
791	791	(9) FIX AND COLLECT RATES , RENTALS, FEES, ROYALTIES, AND 7
792	792	CHARGES FOR SERVICES AND RESOURCES IT PRO VIDES OR MAKES AVAILABLE ; 8
793	793
794	794	(10) CREATE, OWN, CONTROL, OR BE A MEMBER OF A CORPORATION , 9
795	795	LIMITED LIABILITY CO MPANY, PARTNERSHIP , OR OTHER ENTITY , WHETHER 10
796	796	OPERATED FOR PROFIT OR NOT FOR PROFIT ; 11
797	797
798	798	(11) EXERCISE POWER USUALL Y POSSESSED BY A PRI VATE 12
799	799	CORPORATION IN P ERFORMING SIMILAR FU NCTIONS UNLESS TO DO SO WOULD 13
800	800	CONFLICT WITH STATE LAW; AND 14
801	801
802	802	(12) DO ALL THINGS NECESSA RY OR CONVENIENT TO CARRY OUT THE 15
803	803	POWERS GRANTED BY TH IS SUBTITLE. 16
804	804
805	805	(B) THE AUTHORITY MAY DELEGAT E ANY POWER OR DUTY IT CONSIDERS 17
806	806	APPROPRIATE TO A MEMBER, AN OFFICER, AN AGENT, OR AN EMPLOYEE OF TH E 18
807	807	AUTHORITY. 19
808	808
809	809	10.5–207. 20
810	810
811	811	(A) (1) THE AUTHORITY SHALL PREPA RE A REGIONAL TRANSPORTATION 21
812	812	PLAN FOR THE CAPITAL REGION THAT INCLUDES TRANSP ORTATION 22
813	813	IMPROVEMENTS OF REGIONAL SIGNIFICANCE. 23
814	814
815	815	(2) THE AUTHORITY MAY REVISE THE REGIONAL TRANSPORTATION 24
816	816	PLAN. 25
817	817
818	818	(B) AFTER THE ADOPTION OF A REGIONAL TRANSPORTATION PLAN , THE 26
819	819	AUTHORITY MAY CONSTRU CT OR ACQUIRE , BY PURCHASE , LEASE, CONTRACT, OR 27
820	820	OTHERWISE, THE TRANSPORTATION F ACILITIES SPECIFIED IN THE REGIONAL 28
821	821	TRANSPORTATION PLAN . 29
822	822
823	823	10.5–208. 30 SENATE BILL 935 19
824	824
825	825
826	826
827	827	(A) THE AUTHORITY SHALL HAVE THE FOLLOWING DUTIES AND 1
828	828	RESPONSIBILITIES : 2
829	829
830	830	(1) GENERAL OVERSIGHT OF REGIONAL TRANSPORTATION 3
831	831	PROGRAMS; 4
832	832
833	833	(2) LONG–RANGE REGIONAL PLANNING FOR THE CAPITAL REGION, 5
834	834	BOTH FISCALLY CONSTR AINED AND UNCONSTRAINED ; 6
835	835
836	836	(3) RECOMMENDING TO STATE, REGIONAL, AND FEDERAL AGENCIES 7
837	837	REGIONAL TRANSPORTATION PRIOR ITIES, INCLUDING PUBLIC –PRIVATE 8
838	838	TRANSPORTATION PROJE CTS, AND FUNDING ALLOCATI ONS; 9
839	839
840	840	(4) ALLOCATING TO PRIORIT Y REGIONAL TRANSPORTATION 10
841	841	PROJECTS A NY FUNDS MADE AVAILA BLE TO THE AUTHORITY AND , AT THE 11
842	842	DISCRETION OF THE AUTHORITY, DIRECTLY OVERSEEING THE PROJECTS ; 12
843	843
844	844	(5) RECOMMENDING TO THE DEPARTMENT PRIORITY REGIONAL 13
845	845	TRANSPORTATION PROJE CTS FOR RECEIPT OF F EDERAL AND STATE FUNDS; 14
846	846
847	847	(6) RECOMMENDING TO THE DEPARTMENT USE OR CHA NGES IN USE 15
848	848	OF TOLLS OR CHARGES FOR FACILITIES IN TH E CAPITAL REGION; 16
849	849
850	850	(7) GENERAL OVERSIGHT OF REGIONAL TRANSPORTATION ISSUE S OF 17
851	851	A MULTIJURISDICTIONA L NATURE, INCLUDING INTELLIGEN T TRANSPORTATION 18
852	852	SYSTEMS, SIGNALIZATION, AND P REPARATION FOR AND R ESPONSE TO 19
853	853	EMERGENCIES ; 20
854	854
855	855	(8) SERVING AS AN ADVOCAT E FOR THE TRANSPORTA TION NEEDS OF 21
856	856	THE CAPITAL REGION BEFORE THE STATE AND FEDERAL GOV ERNMENTS; AND 22
857	857
858	858	(9) APPLYING TO AND NEGOT IATING WITH THE FEDE RAL 23
859	859	GOVERNMENT AND THE STATE FOR GRANTS AND ANY OTHER FUNDS AVAILABLE TO 24
860	860	CARRY OUT THE PURPOS ES OF THIS SUBTITLE . 25
861	861
862	862	(B) THE AUTHORITY SHALL CONSU LT WITH THE DEPARTMENT , 26
863	863	METROPOLITAN PLANNIN G ORGANIZATIONS , AND OTHER STAKEHOLDE RS IN 27
864	864	RECOMMENDING OR PRIO RITIZING ANY TRANSPO RTATION PROJECT . 28
865	865
866	866	10.5–209. 29
867	867	20 SENATE BILL 935
868	868
869	869
870	870	(A) IN THIS SECTION , “FUND” MEANS THE CAPITAL REGION 1
871	871	TRANSPORTATION FUND. 2
872	872
873	873	(B) THERE IS A CAPITAL REGION TRANSPORTATION FUND. 3
874	874
875	875	(C) THE PURPOSE OF THE FUND IS TO FINANCE TR ANSPORTATION 4
876	876	FACILITIES IN THE CAPITAL REGION. 5
877	877
878	878	(D) THE EXECUTIVE DIRECTOR OF THE AUTHORITY SHALL ADMIN ISTER 6
879	879	THE FUND. 7
880	880
881	881	(E) (1) THE FUND IS A SPECIAL , NONLAPSING FUND THAT IS NOT 8
882	882	SUBJECT TO § 7–302 OF THE STATE FINANCE AND PROCUREMENT ARTICLE. 9
883	883
884	884	(2) THE STATE TREASURER SHALL HOLD THE FUND SEPARATELY , 10
885	885	AND THE COMPTROLLE R SHALL ACCOUNT FOR THE FUND. 11
886	886
887	887	(F) THE FUND CONSISTS OF : 12
888	888
889	889	(1) MONEY APPROPRIATED IN THE STATE BUDGET TO THE FUND; 13
890	890
891	891	(2) INTEREST EARNINGS ; 14
892	892
893	893	(3) REVENUE DISTRIBUTED T O THE FUND UNDER § 2–1303 OF THE 15
894	894	TAX – GENERAL ARTICLE; 16
895	895
896	896	(4) REVENUE DISTRIBUTED T O THE FUND UNDER § 13–414 OF THE 17
897	897	TAX – PROPERTY ARTICLE; AND 18
898	898
899	899	(5) ANY OTHER MONEY FROM ANY OTHER SOURCE ACC EPTED FOR 19
900	900	THE BENEFIT OF THE FUND. 20
901	901
902	902	(G) THE FUND MAY BE USED ONLY FOR THE FINANCING OF 21
903	903	TRANSPORTATION FACIL ITIES IN THE CAPITAL REGION. 22
904	904
905	905	(H) (1) THE STATE TREASURER SHALL INVES T THE MONEY OF THE FUND 23
906	906	IN THE SAME MANNER A S OTHER STATE MONEY MAY BE IN VESTED. 24
907	907
908	908	(2) ANY INTEREST EARNINGS OF THE FUND SHALL BE CREDITE D TO 25
909	909	THE FUND. 26
910	910
911	911	(I) EXPENDITURES FROM THE FUND MAY BE MADE ONLY IN ACCORDANCE 27
912	912	WITH THE STATE BUDGET . 28 SENATE BILL 935 21
913	913
914	914
915	915
916	916	(J) MONEY EXPENDED FROM T HE FUND FOR FINANCING TR ANSPORTATION 1
917	917	FACILITIES IN THE CAPITAL REGION IS SUPPLEMENTAL TO A ND IS NOT INTENDED 2
918	918	TO TAKE THE PLACE OF FUNDING THAT OTHERWI SE WOULD BE APPROPRI ATED FOR 3
919	919	TRANSPORTATION FACIL ITIES IN THE CAPITAL REGION. 4
920	920
921	921	10.5–210. 5
922	922
923	923	ON OR BEFORE JANUARY 1, 2026, AND EACH JANUARY 1 THEREAFTER , THE 6
924	924	AUTHORITY SHALL REPOR T TO THE GENERAL ASSEMBLY, IN ACCORDANCE WITH § 7
925	925	2–1257 OF THE STATE GOVERNMENT ARTICLE, ON THE ACTIVITIES OF THE 8
926	926	AUTHORITY DURING THE PRIOR YEAR. 9
927	927
928	928	SUBTITLE 3. SOUTHERN MARYLAND REGION TRANSPORTATION AUTHORITY. 10
929	929
930	930	10.5–301. 11
931	931
932	932	(A) IN THIS SUBTITLE THE FOLLOWING WORDS HAVE THE MEANINGS 12
933	933	INDICATED. 13
934	934
935	935	(B) “AUTHORITY” MEANS THE SOUTHERN MARYLAND REGION 14
936	936	TRANSPORTATION AUTHORITY. 15
937	937
938	938	(C) “SOUTHERN MARYLAND REGION” MEANS CALVERT COUNTY, CHARLES 16
939	939	COUNTY, AND ST. MARY’S COUNTY. 17
940	940
941	941	(D) “TRANSPORTATION FACILI TY” HAS THE MEANING STAT ED IN § 3–101 OF 18
942	942	THIS ARTICLE. 19
943	943
944	944	10.5–302. 20
945	945
946	946	(A) THERE IS A SOUTHERN MARYLAND REGION TRANSPORTATION 21
947	947	AUTHORITY. 22
948	948
949	949	(B) THE AUTHORITY IS A BODY POLITIC AND COR PORATE AND IS AN 23
950	950	INSTRUMENTALITY OF T HE STATE. 24
951	951
952	952	(C) THE EXERCISE BY THE AUTHORITY OF A POWER UNDER THIS SUBTITLE 25
953	953	IS THE PERFORMANCE O F AN ESSENTIAL GOVER NMENTAL FUNCTION . 26
954	954
955	955	(D) THE GOVERNING BODY OF A COUNTY LOCATED IN THE SOUTHERN 27
956	956	MARYLAND REGION MAY ELECT, BY LAW, TO BE A MEMBER OF TH E AUTHORITY. 28
957	957	22 SENATE BILL 935
958	958
959	959
960	960	10.5–303. 1
961	961
962	962	THE PURPOSE OF THE AUTHORITY IS TO PREPA RE AND IMPLEMENT 2
963	963	INVESTMENTS IN TRANS PORTATION PROJECTS T HAT MAXIMIZE THE MOV EMENT OF 3
964	964	PEOPLE AND PROMOTE E FFICIENCY, SAFETY, AND OTHER VALUES SUC H AS 4
965	965	ENVIRONMENTAL AND SO CIAL JUSTICE IMPACTS . 5
966	966
967	967	10.5–304. 6
968	968
969	969	(A) THE AUTHORITY CONSISTS OF THE FOLLOWING MEMBER S: 7
970	970
971	971	(1) IF THE GOVERNING BODY OF CALVERT COUNTY ELECTS TO 8
972	972	BECOME A MEMBER OF T HE AUTHORITY, ONE MEMBER APPOINTED BY THE 9
973	973	GOVERNING BODY OF CALVERT COUNTY; 10
974	974
975	975	(2) IF THE GOVERNING BODY OF CHARLES COUNTY ELECTS TO 11
976	976	BECOME A MEMBER OF T HE AUTHORITY, ONE MEMBER APPOINTED BY THE 12
977	977	GOVERNING BODY OF CHARLES COUNTY; 13
978	978
979	979	(3) IF THE GOVERNING BODY OF ST. MARY’S COUNTY ELECTS TO 14
980	980	BECOME A MEMBER OF T HE AUTHORITY, ONE MEMBER APPOINTED BY THE 15
981	981	GOVERNING BODY OF ST. MARY’S COUNTY; 16
982	982
983	983	(4) ONE ELECTED OFFICIAL FROM EACH MUNICIPALI TY WITHIN THE 17
984	984	SOUTHERN MARYLAND REGION, APPOINTED BY THE GOV ERNING BODY OF TH E 18
985	985	MUNICIPALITY; 19
986	986
987	987	(5) ONE MEMBER OF THE SENATE OF MARYLAND WHO RESIDES 20
988	988	WITHIN THE SOUTHERN MARYLAND REGION, APPOINTED BY THE PRESIDENT OF 21
989	989	THE SENATE; 22
990	990
991	991	(6) TWO MEMBERS OF THE HOUSE OF DELEGATES WHO RESIDE 23
992	992	WITHIN THE SOUTHERN MARYLAND REGION, APPOINTED BY THE SPEAKER OF THE 24
993	993	HOUSE; AND 25
994	994
995	995	(7) TWO MEMBERS WITH EXPE RIENCE IN TRANSPORTA TION 26
996	996	PLANNING, FINANCE, ENGINEERING , CONSTRUCTION , OR MANAGEMENT , 27
997	997	APPOINTED BY THE GOVERNOR. 28
998	998
999	999	(B) THE SECRETARY SHALL SERVE AS A NONVOTING , EX OFFICIO MEMBER . 29
1000	1000
1001	1001	(C) (1) THE TERM OF A MEMBER IS 4 YEARS. 30
1002	1002	SENATE BILL 935 23
1003	1003
1004	1004
1005	1005	(2) AT THE END OF A TERM , A MEMBER CONTINUES T O SERVE UNTIL 1
1006	1006	A SUCCESSOR IS APPOI NTED AND QUALIFIES . 2
1007	1007
1008	1008	(D) FROM AMONG ITS MEMBER S, THE AUTHORITY SHALL ELECT A CHAIR 3
1009	1009	AND A VICE CHAIR. 4
1010	1010
1011	1011	(E) THE AUTHORITY SHALL ADOPT RULES AND REGULATIONS NECESSAR Y 5
1012	1012	FOR THE CONDUCT OF I TS AFFAIRS. 6
1013	1013
1014	1014	10.5–305. 7
1015	1015
1016	1016	(A) (1) THE AUTHORITY SHALL EMPLO Y AN EXECUTIVE DIRECTOR TO 8
1017	1017	SERVE AS THE CHIEF E XECUTIVE OFFICER OF THE AUTHORITY. 9
1018	1018
1019	1019	(2) THE EXECUTIVE DIRECTOR SHALL SERVE AT THE PLEASURE OF 10
1020	1020	THE AUTHORITY. 11
1021	1021
1022	1022	(B) THE AUTHORITY MAY EMPLOY OR RETAIN OFFICERS , STAFF, AND 12
1023	1023	AGENTS, INCLUDING ENGINEERIN G, ARCHITECTURAL , FISCAL, AND CONSTRUCTION 13
1024	1024	EXPERTS AND ATTORNEY S, AND SET THEIR COMPEN SATION. 14
1025	1025
1026	1026	10.5–306. 15
1027	1027
1028	1028	(A) THE AUTHORITY MAY : 16
1029	1029
1030	1030	(1) ADOPT BYLAWS FOR THE CONDUCT OF ITS BUSINESS; 17
1031	1031
1032	1032	(2) ADOPT A SEAL; 18
1033	1033
1034	1034	(3) MAINTAIN OFFICES AT A PLACE IT DESIGNATES IN THE STATE; 19
1035	1035
1036	1036	(4) ACCEPT LOANS, GRANTS, OR ASSISTANCE OF ANY KIND FROM THE 20
1037	1037	FEDERAL OR STATE GOVERNMENT , A LOCAL GOVERNMENT , A COLLEGE OR 21
1038	1038	UNIVERSITY, OR A PRIVATE SOURCE; 22
1039	1039
1040	1040	(5) ENTER INTO CONTRACTS AND OTHER LEGAL INST RUMENTS; 23
1041	1041
1042	1042	(6) SUE OR BE SUED; 24
1043	1043
1044	1044	(7) ACQUIRE, PURCHASE, HOLD, LEASE AS LESSEE , AND USE: 25
1045	1045
1046	1046	(I) A FRANCHISE, PATENT, OR LICENSE; 26
1047	1047	24 SENATE BILL 935
1048	1048
1049	1049
1050	1050	(II) STOCK OR OTHER FORMS OF OWNERSHIP INTERES TS IN 1
1051	1051	CORPORATIONS , LIMITED LIABILITY CO MPANIES, PARTNERSHIPS , OR OTHER 2
1052	1052	ENTITIES, WHETHER OPERATED FOR PROFIT OR NOT FOR PR OFIT; 3
1053	1053
1054	1054	(III) ANY REAL, PERSONAL, MIXED, TANGIBLE, OR INTANGIBLE 4
1055	1055	PROPERTY; OR 5
1056	1056
1057	1057	(IV) AN INTEREST IN A PROP ERTY LISTED UNDER IT EMS (I) 6
1058	1058	THROUGH (III) OF THIS ITEM; 7
1059	1059
1060	1060	(8) SELL, LEASE AS LESSOR , TRANSFER, LICENSE, ASSIGN, OR 8
1061	1061	DISPOSE OF PROPERTY OR A PROPERTY INTERE ST THAT IT ACQUIRES ; 9
1062	1062
1063	1063	(9) FIX AND COLLECT RATES , RENTALS, FEES, ROYALTIES, AND 10
1064	1064	CHARGES FOR SERVICES AND RESOURCES IT PRO VIDES OR MAKES AVAIL ABLE; 11
1065	1065
1066	1066	(10) CREATE, OWN, CONTROL, OR BE A MEMBER OF A CORPORATION , 12
1067	1067	LIMITED LIABILITY CO MPANY, PARTNERSHIP , OR OTHER ENTITY , WHETHER 13
1068	1068	OPERATED FOR PROFIT OR NOT FOR PROFIT ; 14
1069	1069
1070	1070	(11) EXERCISE POWER USUALL Y POSSESSED BY A PRI VATE 15
1071	1071	CORPORATION IN PERFO RMING SIM ILAR FUNCTIONS UNLES S TO DO SO WOULD 16
1072	1072	CONFLICT WITH STATE LAW; AND 17
1073	1073
1074	1074	(12) DO ALL THINGS NECESSA RY OR CONVENIENT TO CARRY OUT THE 18
1075	1075	POWERS GRANTED BY TH IS SUBTITLE. 19
1076	1076
1077	1077	(B) THE AUTHORITY MAY DELEGAT E ANY POWER OR DUTY IT CONSIDERS 20
1078	1078	APPROPRIATE TO A MEM BER, AN OFFICER, AN AGENT, OR AN EMPLOYEE OF TH E 21
1079	1079	AUTHORITY. 22
1080	1080
1081	1081	10.5–307. 23
1082	1082
1083	1083	(A) (1) THE AUTHORITY SHALL PREPA RE A REGIONAL TRANSPORTATION 24
1084	1084	PLAN FOR THE SOUTHERN MARYLAND REGION THAT INCLUDES TRANSP ORTATION 25
1085	1085	IMPROVEMENTS OF REGIONAL SIGNIFICANCE. 26
1086	1086
1087	1087	(2) THE AUTHORITY MA Y REVISE THE REGIONAL TRANSPORTATION 27
1088	1088	PLAN. 28
1089	1089
1090	1090	(B) AFTER THE ADOPTION OF A REGIONAL TRANSPORTATION PLAN , THE 29
1091	1091	AUTHORITY MAY CONSTRU CT OR ACQUIRE , BY PURCHASE , LEASE, CONTRACT, OR 30 SENATE BILL 935 25
1092	1092
1093	1093
1094	1094	OTHERWISE, THE TRANSPORTATION F ACILITIES SPECIFIED IN THE REGIONAL 1
1095	1095	TRANSPORTATIO N PLAN. 2
1096	1096
1097	1097	10.5–308. 3
1098	1098
1099	1099	(A) THE AUTHORITY SHALL HAVE THE FOLLOWING DUTIES AND 4
1100	1100	RESPONSIBILITIES : 5
1101	1101
1102	1102	(1) GENERAL OVERSIGHT OF REGIONAL TRANSPORTATION 6
1103	1103	PROGRAMS; 7
1104	1104
1105	1105	(2) LONG–RANGE REGIONAL PLANNING FOR THE SOUTHERN 8
1106	1106	MARYLAND REGION, BOTH FISCALLY CONSTR AINED AND UNCONSTRAINED ; 9
1107	1107
1108	1108	(3) RECOMMENDING TO STATE, REGIONAL, AND FEDERAL AGENCIES 10
1109	1109	REGIONAL TRANSPORTATION PRIOR ITIES, INCLUDING PUBLIC –PRIVATE 11
1110	1110	TRANSPORTATION PROJE CTS, AND FUNDING ALLOCATI ONS; 12
1111	1111
1112	1112	(4) ALLOCATING TO PRIORIT Y REGIONAL TRANSPORTATION 13
1113	1113	PROJECTS ANY FUN DS MADE AVAILABLE TO THE AUTHORITY AND , AT THE 14
1114	1114	DISCRETION OF THE AUTHORITY, DIRECTLY OVERSEEING THE PROJECTS ; 15
1115	1115
1116	1116	(5) RECOMMENDING TO THE DEPARTMENT PRIORITY REGIONAL 16
1117	1117	TRANSPORTATION PROJE CTS FOR RECEIPT OF F EDERAL AND STATE FUNDS; 17
1118	1118
1119	1119	(6) RECOMMENDING TO THE DEPARTMENT USE OR CHA NGES IN USE 18
1120	1120	OF TOLLS OR CHARGES FOR FACILITIES IN TH E SOUTHERN MARYLAND REGION; 19
1121	1121
1122	1122	(7) GENERAL OVERSIGHT OF REGIONAL TRANSPORTATION ISSUE S OF 20
1123	1123	A MULTIJURISDICTIONA L NATURE, INCLUDING INTELLIGEN T TRANSPORTATION 21
1124	1124	SYSTEMS, SIGNALIZATION, AND PREPARATION FOR A ND RESPONSE TO 22
1125	1125	EMERGENCIES ; 23
1126	1126
1127	1127	(8) SERVING AS AN ADVOCAT E FOR THE TRANSPORTA TION NEEDS OF 24
1128	1128	THE SOUTHERN MARYLAND REGION BEFORE THE STATE AND FEDERAL 25
1129	1129	GOVERNMENTS ; AND 26
1130	1130
1131	1131	(9) APPLYING TO AND NEGOT IATING WITH THE FEDE RAL 27
1132	1132	GOVERNMENT AND THE STATE FOR GRANTS AND ANY OTHER FUNDS AVAI LABLE TO 28
1133	1133	CARRY OUT THE PURPOS ES OF THIS SUBTITLE . 29
1134	1134	26 SENATE BILL 935
1135	1135
1136	1136
1137	1137	(B) THE AUTHORITY SHALL CONSU LT WITH THE DEPARTMENT , 1
1138	1138	METROPOLITAN PLANNIN G ORGANIZATIONS , AND OTHER STAKEHOLDE RS IN 2
1139	1139	RECOMMENDING OR PRIO RITIZING ANY TRANSPO RTATION PROJECT. 3
1140	1140
1141	1141	10.5–309. 4
1142	1142
1143	1143	(A) IN THIS SECTION, “FUND” MEANS THE SOUTHERN MARYLAND REGION 5
1144	1144	TRANSPORTATION FUND. 6
1145	1145
1146	1146	(B) THERE IS A SOUTHERN MARYLAND REGION TRANSPORTATION FUND. 7
1147	1147
1148	1148	(C) THE PURPOSE OF THE FUND IS TO FINANCE TR ANSPORTATION 8
1149	1149	FACILITIES IN THE SOUTHERN MARYLAND REGION. 9
1150	1150
1151	1151	(D) THE EXECUTIVE DIRECTOR OF THE AUTHORITY SHALL ADMIN ISTER 10
1152	1152	THE FUND. 11
1153	1153
1154	1154	(E) (1) THE FUND IS A SPECIAL , NONLAPSING FUND THAT IS NOT 12
1155	1155	SUBJECT TO § 7–302 OF THE STATE FINANCE AND PROCUREMENT ARTICLE. 13
1156	1156
1157	1157	(2) THE STATE TREASURER SHALL HOLD THE FUND SEPARATELY , 14
1158	1158	AND THE COMPTROLLER SHALL ACC OUNT FOR THE FUND. 15
1159	1159
1160	1160	(F) THE FUND CONSISTS OF : 16
1161	1161
1162	1162	(1) MONEY APPROPRIATED IN THE STATE BUDGET TO THE FUND; 17
1163	1163
1164	1164	(2) INTEREST EARNIN GS; 18
1165	1165
1166	1166	(3) REVENUE DISTRIBUTED T O THE FUND UNDER § 2–1303 OF THE 19
1167	1167	TAX – GENERAL ARTICLE; 20
1168	1168
1169	1169	(4) REVENUE DISTRIBUTED T O THE FUND UNDER § 13–414 OF THE 21
1170	1170	TAX – PROPERTY ARTICLE; AND 22
1171	1171
1172	1172	(5) ANY OTHER MONEY FROM ANY OTHER SOURCE ACC EPTED FOR 23
1173	1173	THE BENEFIT OF THE FUND. 24
1174	1174
1175	1175	(G) THE FUND MAY BE USED ONLY FOR THE FINANCING OF 25
1176	1176	TRANSPORTATION FACIL ITIES IN THE SOUTHERN MARYLAND REGION. 26
1177	1177
1178	1178	(H) (1) THE STATE TREASURER SHALL INVES T THE MONEY OF THE FUND 27
1179	1179	IN THE SAME MANNER A S OTHER STATE MONEY MAY BE IN VESTED. 28 SENATE BILL 935 27
1180	1180
1181	1181
1182	1182
1183	1183	(2) ANY INTEREST EARNINGS OF THE FUND SHALL BE CREDITE D TO 1
1184	1184	THE FUND. 2
1185	1185
1186	1186	(I) EXPENDITURES FROM THE FUND MAY BE MADE ONLY IN ACCORDANCE 3
1187	1187	WITH THE STATE BUDGET . 4
1188	1188
1189	1189	(J) MONEY EXPENDED FROM T HE FUND FOR FINANCING TR ANSPORTATION 5
1190	1190	FACILITIES IN THE SOUTHERN MARYLAND REGION IS SUPPLEMENTAL TO AND IS 6
1191	1191	NOT INTENDED TO TAKE THE PLACE OF FUNDING THAT OTHERWISE WOULD BE 7
1192	1192	APPROPRIATED FOR TRA NSPORTATION FACILITI ES IN THE SOUTHERN MARYLAND 8
1193	1193	REGION. 9
1194	1194
1195	1195	10.5–310. 10
1196	1196
1197	1197	ON OR BEFORE JANUARY 1, 2026, AND EACH JANUARY 1 THEREAFTER , THE 11
1198	1198	AUTHORITY SHALL REPORT TO THE GENERAL ASSEMBLY, IN ACCORDANCE WITH § 12
1199	1199	2–1257 OF THE STATE GOVERNMENT ARTICLE, ON THE ACTIVITIES OF THE 13
1200	1200	AUTHORITY DURING THE PRIOR YEAR. 14
1201	1201
1202	1202	SUBTITLE 4. FINANCING OF TRANSPORTATION PROJECTS. 15
1203	1203
1204	1204	10.5–401. 16
1205	1205
1206	1206	IN THIS SUBTITLE, “AUTHORITY” MEANS: 17
1207	1207
1208	1208	(1) THE BALTIMORE REGION TRANSPORTATION AUTHORITY 18
1209	1209	ESTABLISHED UNDER § 10.5–102 OF THIS TITLE; 19
1210	1210
1211	1211	(2) THE CAPITAL REGION TRANSPORTATION AUTHORITY 20
1212	1212	ESTABLISHED UNDER § 10.5–202 OF THIS TITLE; AND 21
1213	1213
1214	1214	(3) THE SOUTHERN MARYLAND REGION TRANSPORTATION 22
1215	1215	AUTHORITY ESTABLISHED UNDER § 10.5–302 OF THIS TITLE. 23
1216	1216
1217	1217	10.5–402. 24
1218	1218
1219	1219	(A) TO FINANCE THE COST O F TRANSPORTATION FAC ILITIES AND 25
1220	1220	PROJECTS, AN AUTHORITY MAY ISSUE B ONDS, NOTES, OR OTHER EVIDENCE OF 26
1221	1221	OBLIGATION, PAYABLE SOLELY FROM THE REVENUES DIS TRIBUTED TO THE 27
1222	1222	AUTHORITY. 28
1223	1223	28 SENATE BILL 935
1224	1224
1225	1225
1226	1226	(B) BOND PROCEEDS MAY BE USED SOLELY FOR PAYI NG THE COST OF 1
1227	1227	TRANSPORTATION FACIL ITIES AND PROJECTS . 2
1228	1228
1229	1229	10.5–403. 3
1230	1230
1231	1231	(A) BONDS ISSUED BY AN AUTHORITY UNDER THIS SUBTITLE MAY NOT : 4
1232	1232
1233	1233	(1) CONSTITUTE A DEBT OF THE STATE OR A POLITICAL SUBDIVISION 5
1234	1234	OF THE STATE OTHER THAN THE AUTHORITY AND SHALL S O STATE ON THEIR FAC E; 6
1235	1235
1236	1236	(2) CONSTITUTE A PLEDGE O F THE FULL FAITH AND CREDIT OF THE 7
1237	1237	STATE OR A POLITICAL SUBDIVISION OF THE STATE; OR 8
1238	1238
1239	1239	(3) DIRECTLY OR INDIRECTL Y OBLIGATE THE STATE OR A POLITICAL 9
1240	1240	SUBDIVISION OF THE STATE TO IMPOSE ANY T AX AND SHALL CONTAIN A STATEMENT 10
1241	1241	ON THEIR FACE TO THA T EFFECT. 11
1242	1242
1243	1243	(B) AN AUTHORITY SHALL DETER MINE THE FOLLOWING C ONCERNING 12
1244	1244	BONDS ISSUED BY THE AUTHORITY: 13
1245	1245
1246	1246	(1) DATE OF ISSUE; 14
1247	1247
1248	1248	(2) INTEREST RATE ; 15
1249	1249
1250	1250	(3) DATE AND AMOUNT OF MATURI TY, EXCEPT THAT A BOND M AY NOT 16
1251	1251	MATURE MORE THAN 40 YEARS AFTER ITS DATE OF ISSUE; 17
1252	1252
1253	1253	(4) FORM AND MANNER OF EX ECUTION; 18
1254	1254
1255	1255	(5) MANNER OF SALE ; AND 19
1256	1256
1257	1257	(6) ANY OTHER MATTER RELA TING TO THE FORM , TERMS, 20
1258	1258	CONDITIONS, ISSUANCE, SALE, AND DELIVERY OF THE BONDS . 21
1259	1259
1260	1260	(C) AN AUTHORITY MAY ISSUE B ONDS: 22
1261	1261
1262	1262	(1) WITHOUT OBTAINING THE CONSENT OF ANY INSTR UMENTALITY, 23
1263	1263	AGENCY, OR UNIT OF THE STATE; AND 24
1264	1264
1265	1265	(2) WITHOUT ANY PROCEEDIN GS OR THE OCCURRENCE OF ANY 25
1266	1266	CONDITIONS OR OBLIGA TIONS OTHER THAN THO SE SPECIFICALLY REQUIRED BY 26
1267	1267	THIS SUBTITLE. 27
1268	1268	SENATE BILL 935 29
1269	1269
1270	1270
1271	1271	(D) (1) BONDS SHALL BE EXECUT ED ON BEHALF OF AN AUTHORITY BY 1
1272	1272	THE MANUAL OR FACSIM ILE SIGNATURES OF TH E INDIVIDUALS DESIGN ATED BY THE 2
1273	1273	GOVERNING BODY OF TH E AUTHORITY. 3
1274	1274
1275	1275	(2) OTHER SIGNATURES ON T HE BONDS MAY BE EITH ER MANUA L OR 4
1276	1276	FACSIMILE. 5
1277	1277
1278	1278	(E) IF AN INDIVIDUAL WHOS E MANUAL OR FACSIMIL E SIGNATURE APPEARS 6
1279	1279	ON ANY BOND OR COUPO N CEASES TO SERVE IN AN AUTHORIZED CAPACI TY BEFORE 7
1280	1280	THE DELIVERY OF THE BOND, THE SIGNATURE NEVERT HELESS IS AS VALID A ND 8
1281	1281	SUFFICIENT FOR ALL P URPOSES AS IF THE INDIVIDUAL HAD R EMAINED IN THAT 9
1282	1282	CAPACITY UNTIL DELIV ERY OF THE BOND . 10
1283	1283
1284	1284	10.5–404. 11
1285	1285
1286	1286	(A) WITHOUT THE APPROVAL OF THE GENERAL ASSEMBLY, AN AUTHORITY 12
1287	1287	MAY ISSUE BONDS TO R EFINANCE ALL OR ANY PART OF THE COST OF 13
1288	1288	TRANSPORTATION FACIL ITIES OR PROJECTS FO R WHICH THE AUTHORITY 14
1289	1289	PREVIOUSLY ISSUED BO NDS UNDER THIS SUBTI TLE. 15
1290	1290
1291	1291	(B) IF, BY REASON OF INCREAS ED CONSTRUCTION COST S, ERROR IN 16
1292	1292	ESTIMATES, OR OTHERWISE , THE PROCEEDS OF THE BONDS OF ANY ISSUE A RE LESS 17
1293	1293	THAN THE AMOUNT REQU IRED FOR THE PURPOSE FOR WHICH THE BONDS ARE 18
1294	1294	AUTHORIZED , ADDITIONAL BONDS MAY BE ISSUED IN A SIMIL AR MANNER TO 19
1295	1295	PROVIDE THE AMOUNT O F THE DEFICIENCY . 20
1296	1296
1297	1297	10.5–405. 21
1298	1298
1299	1299	(A) IN THIS SECTION , “REFUNDING” MEANS THE RETIREMENT AND 22
1300	1300	CANCELLATION OF BOND S, INCLUDING BONDS OF P RIOR ISSUES, AFTER THEIR 23
1301	1301	ACQUISITION BY OR FO R AN AUTHORITY, WHETHER BEFORE , AT, OR AFTER 24
1302	1302	MATURITY, EITHER IN EXCHANGE F OR OTHER BONDS OR BY PAYMENT, PURCHASE, 25
1303	1303	OR REDEMPTION WITH T HE PROCEEDS OF THE S ALE OF OTHER BONDS . 26
1304	1304
1305	1305	(B) AN AUTHORITY MAY ISSUE R EFUNDING BONDS FOR : 27
1306	1306
1307	1307	(1) REFUNDING ANY BONDS I SSUED UNDER THIS SUB TITLE OR ANY 28
1308	1308	BONDS OF PRIOR ISSUE S, INCLUDING THE PAYMEN T OF ANY REDEMPTION PREMIUM 29
1309	1309	ON THE BONDS AND ANY INTEREST ACCRUED OR TO ACCRUE TO THE DAT E OF 30
1310	1310	REDEMPTION OF THE BO NDS; AND 31
1311	1311
1312	1312	(2) CONSTRUCTING IMPROVEM ENTS OR EXTENSIONS TO OR 32
1313	1313	ENLARGEMENTS OF ANY TRANSPORTATION FACIL ITY OR PROJECT. 33
1314	1314	30 SENATE BILL 935
1315	1315
1316	1316
1317	1317	10.5–406. 1
1318	1318
1319	1319	BEFORE THE PREPARATIO N OF DEFINITIVE BOND S, AN AUTHORITY MAY 2
1320	1320	ISSUE INTERIM CERTIF ICATES OR TEMPORARY BONDS, WITH OR WITHOUT 3
1321	1321	COUPONS, EXCHANGEABLE FOR DEF INITIVE BONDS WHE N THE DEFINITIVE BON DS 4
1322	1322	HAVE BEEN EXECUTED A ND ARE AVAILABLE FOR DELIVERY. 5
1323	1323
1324	1324	10.5–407. 6
1325	1325
1326	1326	(A) AN AUTHORITY MAY ISSUE B OND ANTICIPATION NOT ES PAYABLE TO 7
1327	1327	THE BEARER OR REGIST ERED HOLDER OF THE N OTES OUT OF THE FIRS T PROCEEDS 8
1328	1328	OF THE NEXT SALE OF BONDS ISSUED UND ER THIS SUBTITLE. 9
1329	1329
1330	1330	(B) THE ISSUANCE OF BOND ANTICIPATION NOTES , THE DETAILS OF THEIR 10
1331	1331	ISSUANCE, THE RIGHTS OF THEIR HOLDERS, AND THE RIGHTS , DUTIES, AND 11
1332	1332	OBLIGATIONS OF THE AUTHORITY WITH RESPEC T TO THE BOND ANTICI PATION 12
1333	1333	NOTES ARE GOVERNED B Y THE PROVISIONS OF THIS SUBTITLE REL ATING TO THE 13
1334	1334	ISSUANCE OF THE BOND S IN ANTICIPATION OF THE SALE AT WHICH TH E NOTES ARE 14
1335	1335	ISSUED, INSOFAR AS THOSE PRO VISIONS ARE APPLICAB LE. 15
1336	1336
1337	1337	10.5–408. 16
1338	1338
1339	1339	(A) BONDS ISSUED UNDER TH IS SUBTITLE MAY BE S ECURED BY A TRUST 17
1340	1340	AGREEMENT BETWEEN AN AUTHORITY AND A CORPO RATE TRUSTEE , WHICH MAY BE 18
1341	1341	ANY TRUST COMPANY OR BANK HAVING TRUST PO WERS WITHIN OR OUTSI DE THE 19
1342	1342	STATE. 20
1343	1343
1344	1344	(B) THE TRUST AGREEMENT M AY PLEDGE OR ASSIGN ALL OR ANY PART OF 21
1345	1345	THE REVENUES OF AN AUTHORITY OR OF ANY T RANSPORTATION FACILI TY OR 22
1346	1346	PROJECT. 23
1347	1347
1348	1348	10.5–409. 24
1349	1349
1350	1350	THE REVENUE DESIGNATE D AS SECURITY FOR BO NDS ISSUED UNDER THI S 25
1351	1351	SUBTITLE SHALL BE FI XED AND ADJUSTED SO AS TO PROVIDE FUNDS THAT ARE 26
1352	1352	SUFFICIENT AS LONG A S THE BONDS ARE OUTS TANDING AND UNPAID T O PAY THE 27
1353	1353	PRINCIPAL OF AND THE INTEREST ON THE BONDS AS THEY BE COME DUE AND 28
1354	1354	PAYABLE. 29
1355	1355
1356	1356	10.5–410. 30
1357	1357
1358	1358	ALL MONEY THAT IS REC EIVED BY AN AUTHORITY AS PROCEEDS FROM THE 31
1359	1359	SALE OF BONDS , NOTES, OR OTHER EVIDENCES O F OBLIGATION UNDER T HIS 32
1360	1360	SUBTITLE AND , BY WAY OF RENTALS , RATES, FEES, FARES, AND TAXES, THAT IS 33 SENATE BILL 935 31
1361	1361
1362	1362
1363	1363	DESIGNATED BY ANY TR UST AGREEMENT AS SEC URITY FOR THE BONDS , NOTES, OR 1
1364	1364	OTHER EVIDENCE OF OB LIGATION SHALL BE DE EMED TO BE TRUST FUN DS TO BE 2
1365	1365	HELD AND APPLIED ONL Y AS PROVIDED IN THI S SUBTITLE. 3
1366	1366
1367	1367	10.5–411. 4
1368	1368
1369	1369	EXCEPT TO THE EXTENT RESTRICTED BY THE TR UST AGREE MENT, THE 5
1370	1370	TRUSTEE OR ANY HOLDE R OF BONDS ISSUED UN DER THIS SUBTITLE OR OF ANY OF 6
1371	1371	THE COUPONS APPERTAI NING TO THE BONDS MA Y: 7
1372	1372
1373	1373	(1) BRING A SUIT OR ANY O THER PROCEEDING TO P ROTECT AND 8
1374	1374	ENFORCE ANY RIGHT UN DER THE LAWS OF THE STATE OR UNDER THE TR UST 9
1375	1375	AGREEMEN T; AND 10
1376	1376
1377	1377	(2) ENFORCE AND COMPEL TH E PERFORMANCE OF ALL DUTIES 11
1378	1378	REQUIRED BY THIS SUB TITLE OR BY THE TRUS T AGREEMENT TO BE PE RFORMED BY 12
1379	1379	AN AUTHORITY OR BY ANY O F ITS OFFICERS. 13
1380	1380
1381	1381	10.5–412. 14
1382	1382
1383	1383	BONDS ISSUED UNDER TH IS SUBTITLE ARE SECU RITIES: 15
1384	1384
1385	1385	(1) IN WHICH ALL PUBLIC OFFICERS AND PUBLIC BODIES OF THE 16
1386	1386	STATE AND ITS POLITIC AL SUBDIVISIONS , ALL INSURANCE COMPAN IES, STATE 17
1387	1387	BANKS AND TRUST COMP ANIES, NATIONAL BANKING ASS OCIATIONS, SAVINGS 18
1388	1388	BANKS, SAVINGS AND LOAN ASS OCIATIONS, INVESTMENT COMPANIES , EXECUTORS, 19
1389	1389	ADMINISTRATORS, TRUSTEES, AND OTHER FIDUCIARIE S MAY PROPERLY AND 20
1390	1390	LEGALLY INVEST FUNDS , INCLUDING CAPITAL IN THEIR CONTROL OR BEL ONGING 21
1391	1391	TO THEM; AND 22
1392	1392
1393	1393	(2) THAT MAY BE PROPERLY AND LEGALLY DEPOSITE D WITH AND 23
1394	1394	RECEIVED BY ANY STATE OR COUNTY OFFIC ER OR ANY AGENCY OR POLITICAL 24
1395	1395	SUBDIVISION OF THE STATE FOR ANY PURPOSE FOR WHICH THE DEPOSI T OF BONDS 25
1396	1396	OR OBLIGATIONS OF TH E STATE IS AUTHORIZED B Y LAW. 26
1397	1397
1398	1398	10.5–413. 27
1399	1399
1400	1400	THE BONDS, NOTES, AND OTHER EVIDENCE O F OBLIGATION ISSUED UNDER 28
1401	1401	THIS SUBTITLE, THEIR TRANSFER , THE INTEREST PAYA BLE ON THEM , AND ANY 29
1402	1402	INCOME DERIVED FROM THEM, INCLUDING ANY PROFIT REALIZED IN THEIR SA LE 30
1403	1403	OR EXCHANGE , SHALL BE EXEMPT FROM TAXATION BY THE STATE OR BY ANY OF IT S 31
1404	1404	POLITICAL SUBDIVISIO NS, MUNICIPAL CORPORATIO NS, OR PUBLIC AGENCIES . 32
1405	1405	32 SENATE BILL 935
1406	1406
1407	1407
1408	1408	SECTION 4. AND BE IT FURTHER ENACTED, That Section 2 of this Act shall be 1
1409	1409	applicable to all instruments of writing recorded or filed on or after the effective date of the 2
1410	1410	local law imposing the transportation authority transfer tax surcharge. 3
1411	1411
1412	1412	SECTION 5. AND BE IT FURTHER ENACTED, That this Act shall take effect 4
1413	1413	October 1, 2025. 5