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MarylandSB 01882026 Regular SessionSenate

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.

Sponsors & Cosponsors

Sponsors

There is no primary sponsor on record.

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

All Roll Calls

Yes: 138 • No: 39

House vote • 4/8/2026

Third Reading Passed

Yes: 102 • No: 33 • Other: 1

Senate vote • 2/17/2026

Third Reading Passed

Yes: 36 • No: 6 • Other: 2

Actions Timeline

  1. Approved by the Governor - Chapter 115

    4/14/2026

  2. Returned Passed

    4/9/2026Senate

  3. Third Reading Passed (102-33)

    4/8/2026House

  4. Favorable Adopted Second Reading Passed

    4/7/2026House

  5. Favorable Report by Appropriations

    4/7/2026House

  6. Hearing 4/02 at 1:00 p.m.

    3/30/2026House

  7. Hearing canceled

    3/30/2026House

  8. Hearing 4/01 at 1:00 p.m.

    3/26/2026House

  9. Referred Appropriations

    2/18/2026House

  10. Third Reading Passed (36-6)

    2/17/2026Senate

  11. Second Reading Passed

    2/12/2026Senate

  12. Favorable Adopted

    2/12/2026Senate

  13. Favorable Report by Budget and Taxation

    2/11/2026Senate

  14. Hearing 1/21 at 10:00 a.m.

    1/15/2026Senate

  15. First Reading Budget and Taxation

    1/14/2026Senate

  16. Pre-filed

    9/26/2025Senate

Bill Text

  • Enacted

    4/14/2026

    PDF

  • Third Reading

    2/12/2026

    PDF

  • First Reading

    1/14/2026

    PDF

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