All Roll Calls
Yes: 138 • No: 39
MarylandSB 01882026 Regular SessionSenateWALLET
Maryland Transportation Authority - Revenue Bond Limit - Increase
Sponsored By: Sponsor information unavailable
Signed by Governor
Transportation - GenerallyBonds -see also- County & Baltimore City Bonds; State BondsCreditFederal Aid -see also- CARES ActLoans -see also- Credit; Mortgages; Scholarships&SFAPublic Debt -see also- County & Balt City Bonds; State BondsRevenue and Taxes -see also- (specific tax)Transportation, Department ofTransportation -see also- Aircraft; Airports; Boats; etc
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Bill Overview
Analyzed Economic Effects
2 provisions identified: 0 benefits, 0 costs, 2 mixed.
Higher cap on Maryland toll bonds
Beginning July 1, 2026, the state raises the cap on toll-backed revenue bonds to $5 billion. It was $4 billion. This applies to toll-backed revenue bonds, including prior issues. The cap counts total unpaid principal on June 30 each year. The $5 billion limit is reduced by any federal TIFIA loan and by any amounts the state draws on a TIFIA line of credit.
Faster bond refinancing for toll projects
Beginning July 1, 2026, the Maryland Transportation Authority can refinance past project costs without approval from the General Assembly, unless another law requires it. The Authority can also issue revenue bonds without consent from other state agencies, and only needs to follow the procedures in this law. These steps can speed deals and may lower debt costs, but they reduce outside sign-offs.
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Sponsors & Cosponsors
Sponsors
There is no primary sponsor on record.
Cosponsors
There are no cosponsors for this bill.
Roll Call Votes
House vote • 4/8/2026
Third Reading Passed
Yes: 102 • No: 33 • Other: 6
Senate vote • 2/17/2026
Third Reading Passed
Yes: 36 • No: 6 • Other: 5
Actions Timeline
Approved by the Governor - Chapter 115
4/14/2026Returned Passed
4/9/2026SenateThird Reading Passed (102-33)
4/8/2026HouseFavorable Adopted Second Reading Passed
4/7/2026HouseFavorable Report by Appropriations
4/7/2026HouseHearing 4/02 at 1:00 p.m.
3/30/2026HouseHearing canceled
3/30/2026HouseHearing 4/01 at 1:00 p.m.
3/26/2026HouseReferred Appropriations
2/18/2026HouseThird Reading Passed (36-6)
2/17/2026SenateSecond Reading Passed
2/12/2026SenateFavorable Adopted
2/12/2026SenateFavorable Report by Budget and Taxation
2/11/2026SenateHearing 1/21 at 10:00 a.m.
1/15/2026SenateFirst Reading Budget and Taxation
1/14/2026SenatePre-filed
9/26/2025Senate
Bill Text
Enacted
4/14/2026
Third Reading
2/12/2026
First Reading
1/14/2026
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