Maryland § 3-503
Full text of Maryland Maryland Code § 3-503, with citation guidance and answers to common questions.
§ 3-503.
(a) Subject to the limitations of this subtitle, the Department from time to time may:
(1) Issue revenue bonds on behalf of and for the benefit of participating counties;
(2) Loan the proceeds of those bonds to the participating counties for use in paying the counties’ cost of transportation facilities; and
(3) Provide for the payment of the principal of and interest on the bonds solely from the revenues pledged for that purpose by the counties participating in an issue of bonds under this subtitle.
(b) The bonds shall be known as “County Transportation Revenue Bonds”.
(c) Bonds issued under this subtitle are not “County Transportation Bonds” under Subtitle 3 of this title.
Frequently Asked Questions About Maryland § 3-503
What does Maryland Code § 3-503 cover?
Section 3-503 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 § 3-503?
A common citation format is "Maryland Code § 3-503" (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 § 3-503 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.