In the House - Hearing 2/26 at 1:00 p.m. (Environment and Transportation)
Summary
The bill establishes three regional transportation authorities—Baltimore, Capital, and Southern Maryland—and corresponding special, non‑lapsing funds to plan and finance transportation projects. It adds sales‑tax, hotel‑surcharge, and transfer‑tax surcharges, directing 70% of the revenue to the regional fund and 30% to the counties and municipalities within each region. The measure also lets the authorities issue bonds backed by these revenues and requires interest earned on the funds to stay in the funds.
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