HB0229 • 2026

Maryland Transportation Authority - Revenue Bond Limit - Increase

Budget Taxes

Enacted

This bill passed the Legislature and reached final enactment based on the latest official action.

Sponsor: Chair, Appropriations Committee (By Request - Departmental - Transportation )
Last action: 2026-04-14
Official status: Approved by the Governor - Chapter 114
Effective date: 2026-07-01

Plain English Breakdown

Using official source text because the generated explanation was unavailable or could not be confirmed against the official bill text.

Maryland Transportation Authority - Revenue Bond Limit - Increase

Increasing, from $4,000,000,000 to $5,000,000,000, the limit on the amount of certain revenue bonds that the Maryland Transportation Authority may have outstanding and unpaid on June 30 each year; etc.

What This Bill Does

Increasing, from $4,000,000,000 to $5,000,000,000, the limit on the amount of certain revenue bonds that the Maryland Transportation Authority may have outstanding and unpaid on June 30 each year; etc.

Limits and Unknowns

This entry is temporarily using official source text because the generated explanation could not be confirmed against the official bill text during the last sync.

Amendments

These notes stay tied to the official amendment files and metadata from the legislature.

223124/1

None • Delegate M. Morgan

Floor Amendment { 223124/1 (Delegate M. Morgan) Rejected (37-97)

Plain English: AMENDMENTS TO HOUSE BILL 229 (First Reading File Bill) AMENDMENT NO.

AMENDMENTS TO HOUSE BILL 229 (First Reading File Bill) AMENDMENT NO.
1 On page 1, in line 5, after the semicolon insert “prohibiting the Authority from increasing certain tolls, fees, or other charges in excess of the tolls, fees, or other charges in effect on a certain date ;”; strike beginning with “ amount” in line 5 down through “unpaid” in line 6 and substitute “ authority of the Maryland Transportation Authority to issue revenue bonds and raise tolls, fees, or charges ”; and in line 9, after “4 –306” insert “and 4–312”.
AMENDMENT NO.
2 On page 2, after line 17, insert: “4–312.

653724/1

None • Delegate Szeliga

Floor Amendment { 653724/1 (Delegate Szeliga) Rejected (35-93)

Plain English: AMENDMENTS TO HOUSE BILL 229 (First Reading File Bill) AMENDMENT NO.

AMENDMENTS TO HOUSE BILL 229 (First Reading File Bill) AMENDMENT NO.
1 On page 1, in line 2, strike “ Revenue Bond Limit – Increase” and substitute “Financing and Construction of T ransportation Facilities”; in line 3, after the first “of” insert “ requiring certain requests for proposal s to require the submission of proposals that include cert ain agreements and proposals that do not include certain agreements; requiring the Maryland Transportation Authority to make certain proposals available on its website;”; in line 4, strike “Maryland Transportation”; strike beginning with “ amount” in line 5 down through “unpaid” in line 6 and substitute “financing and construction of transportation facilities”; and after line 6, insert: “BY adding to Article - Transportation Section 4–205.1 Annotated Code of Maryland (2020 Replacement Volume and 2025 Supplement)”.
AMENDMENT NO.
2 On page 1, after line 14, insert: “4–205.1.

Bill History

2026-04-14 Post Passage
Approved by the Governor - Chapter 114
2026-04-01 Senate
Favorable Report by Budget and Taxation
2026-03-18 House
Returned Passed
2026-03-16 Senate
Third Reading Passed (39-4)
2026-03-14 Senate
Favorable Adopted
2026-03-14 Senate
Second Reading Passed
2026-02-13 House
Third Reading Passed (96-33)
2026-02-12 House
Floor Amendment { 223124/1 (Delegate M. Morgan) Rejected (37-97)
2026-02-12 House
Floor Amendment { 653724/1 (Delegate Szeliga) Rejected (35-93)
2026-02-12 House
Second Reading Passed
2026-02-11 Senate
Referred Budget and Taxation
2026-02-10 House
Favorable Adopted
2026-02-10 House
Motion Special Order until 2/11 (Delegate M. Morgan) Adopted
2026-02-09 House
Favorable Report by Appropriations
2026-01-28 House
Hearing 2/03 at 1:00 p.m.
2026-01-14 House
First Reading Appropriations
2025-09-26 House
Pre-filed
Maryland General Assembly
Text - First - Maryland Transportation Authority - Revenue Bond Limit - Increase
Maryland General Assembly
Vote - House - Committee - Appropriations
Maryland General Assembly
Text - Third - Maryland Transportation Authority - Revenue Bond Limit - Increase
Maryland General Assembly
Text - Chapter - Maryland Transportation Authority - Revenue Bond Limit - Increase

Official Summary Text

Increasing, from $4,000,000,000 to $5,000,000,000, the limit on the amount of certain revenue bonds that the Maryland Transportation Authority may have outstanding and unpaid on June 30 each year; etc.

Current Bill Text

Read the full stored bill text

EXPLANATION: CAPITALS INDICATE MATTER ADDED TO EXISTING LAW.
[Brackets] indicate matter deleted from existing law.
Underlining indicates amendments to bill.
Strike out indicates matter stricken from the bill by amendment or deleted from the law by
amendment.
*hb0229*

HOUSE BILL 229
R2 6lr0140
(PRE–FILED) CF SB 188
By: Chair, Appropriations Committee (By Request – Departmental –
Transportation)
Requested: September 26, 2025
Introduced and read first time: January 14, 2026
Assigned to: Appropriations
Committee Report: Favorable
House action: Adopted
Read second time: February 12, 2026

CHAPTER ______

AN ACT concerning 1

Maryland Transportation Authority – Revenue Bond Limit – Increase 2

FOR the purpose of increasing the limit on the amount of certain revenue bonds that the 3
Maryland Transportation Authority may have outstanding and unpaid on a certain 4
date each year; and generally relating to the amount of revenue bonds that the 5
Maryland Transportation Authority may have outstanding and unpaid. 6

BY repealing and reenacting, with amendments, 7
Article – Transportation 8
Section 4–306 9
Annotated Code of Maryland 10
(2020 Replacement Volume and 2025 Supplement) 11

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF MARYLAND, 12
That the Laws of Maryland read as follows: 13

Article – Transportation 14

4–306. 15

(a) Except as provided in subsection (b) of this section, revenue bonds may be 16
issued by the Authority: 17

2 HOUSE BILL 229

(1) Without obtaining the consent of any instrumentality, agency, or unit 1
of this State; and 2

(2) Without any proceedings or the happening of any conditions or things 3
other than those specifically required by this subtitle. 4

(b) (1) (i) Subject to subparagraph (ii) of this paragraph, revenue bonds 5
secured by toll revenue may be issued in any amount as long as the aggregate outstanding 6
and unpaid principal balance of the revenue bonds secured by toll revenue and revenue 7
bonds of prior issues does not exceed [$4,000,000,000] $5,000,000,000 on June 30 of any 8
year. 9

(ii) The maximum aggregate amount of revenue bonds that may be 10
outstanding and unpaid under subparagraph (i) of this paragraph shall be reduced by the 11
amount of: 12

1. Any loa n extended to the State under the federal 13
Transportation Infrastructure Finance and Innovation Act; and 14

2. Any line of credit extended to the State under the federal 15
Transportation Infrastructure Finance and Innovation Act, to the extent the State dra ws 16
on the line of credit. 17

(2) Except as otherwise provided in this section and § 4 –205 of this title, 18
without the approval of the General Assembly, the Authority may issue bonds to refinance 19
all or any part of the cost of a transportation facility proje ct for which the Authority 20
previously issued bonds authorized under this subtitle. 21

SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall take effect July 22
1, 2026. 23

Approved:
________________________________________________________________________________
Governor.
________________________________________________________________________________
Speaker of the House of Delegates.
________________________________________________________________________________
President of the Senate.