Maryland § 3-303
Full text of Maryland Maryland Code § 3-303, with citation guidance and answers to common questions.
§ 3-303.
(a) Subject to the limitations of this subtitle, the Department from time to time may:
(1) Borrow money and evidence the borrowing by the issuance and sale of its bonds in substantially the form and manner and subject to the same general provisions and tax exemption applicable to consolidated transportation bonds under §§ 3-203 through 3-207, 3-212, and 3-213 of this title;
(2) Disburse the proceeds of the borrowing pursuant to agreements with participating counties; and
(3) Pay the principal of and interest on the bonds.
(b) The bonds shall be known as “Department of Transportation -- County Transportation Bonds -- First Issue”.
Frequently Asked Questions About Maryland § 3-303
What does Maryland Code § 3-303 cover?
Section 3-303 is part of the Maryland Code, the codified statutory law of Maryland. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Maryland § 3-303?
A common citation format is "Maryland Code § 3-303" (Maryland). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Maryland law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Maryland official source linked on this page or consult a licensed Maryland attorney.
How does Maryland § 3-303 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Maryland can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Maryland.