Section 3-512 - Provisions for payment of bonds. - Maryland Statutes

§ 3-512. Provisions for payment of bonds.
 

(a)  Payable solely from revenues received from participating counties.- The bonds shall be payable solely from the revenues received by the Department from the participating counties for that purpose. 

(b)  Revenues of State and Department not pledged.- The revenues of the State and the Department are not pledged, and may not be used, to pay the principal of or interest on the bonds. 

(c)  Transportation Trust Fund not pledged.- The Transportation Trust Fund established by § 3-216 of this title is not pledged, and may not be used, to pay the principal of or interest on the bonds. 
 

[1993, ch. 539.]