Transportation - Regional Transportation Authorities

HB 916 establishes three new regional transportation funds for Baltimore, the Capital region, and Southern Maryland. It directs specific tax revenues - including 70% of sales tax surcharges and hotel surcharges collected in each region - to these funds, while the remaining 30% is distributed to local jurisdictions based on sales activity. The funds are designated as special, nonlapsing accounts, meaning they carry over year-to-year, and interest earned on these funds must be credited back to the same accounts. This bill creates the legal framework for regional transportation authorities to develop and implement transportation plans using these dedicated revenue streams.