Maryland Transportation Authority - Revenue Bond Limit - Increase

HB 229 proposes to increase the Maryland Transportation Authority's (MDTA) annual limit for outstanding toll-revenue bonds from $4 billion to $5 billion, effective June 30 each year. This change directly affects the MDTA, allowing it to issue more bonds to fund transportation projects financed through toll revenue. The bill also specifies that the $5 billion cap would be reduced by any federal loans or drawn lines of credit under the Transportation Infrastructure Finance and Innovation Act. The increase aims to provide greater flexibility for the MDTA to finance transportation infrastructure without requiring annual legislative approval for the bond limit. The bill is currently pending in committee after a favorable report.