Md. Code Regs. 11.07.09.02 - Scope
A. The Maryland
Transportation Authority is authorized to finance, construct, operate,
maintain, and repair vehicle parking facilities.
B. A vehicle parking facility financed under
this chapter shall be located in a priority funding area and support Smart
Growth efforts.
C. Priority shall
be given to transit-oriented development vehicle parking facility projects
financed under this chapter.
D.
Revenues from a vehicle parking facility financed pursuant to this chapter
shall be sufficient to pay all operating and maintenance costs and debt service
for each year that the debt is unpaid. Maryland Transportation Authority Fund
moneys may not be used as a cash investment for any vehicle parking facility
financed under this chapter.
Notes
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