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Martin O'Malley, Governor
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Ch. 383
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SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That the Laws of Maryland read as follows:
Article - Transportation
4-205.
(c) (1) Subject to the limitations described in [paragraph (2)]
paragraphs (2) AND (3) of this subsection, the Authority may make any contracts
and agreements necessary or incidental to the exercise of its powers and performance
of its duties.
(2) Not less than 45 days before entering into any contract or
agreement to acquire or construct a revenue-producing transportation facilities
project, subject to § 2-1246 of the State Government Article, the Authority shall
provide, to the Senate Budget and Taxation Committee, the House Committee on
Ways and Means, and the House Appropriations Committee, for review and comment,
and to the Department of Legislative Services, a description of the proposed project, a
summary of the contract or agreement, and a financing plan that details:
(i) The estimated annual revenue from the issuance of bonds to
finance the project; and
(ii) The estimated impact of the issuance of bonds to finance the
project on the bonding capacity of the Authority.
(3) (I) 1. IN THIS PARAGRAPH THE FOLLOWING WORDS
HAVE THE MEANINGS INDICATED.
2. "PUBLIC NOTICE OF PROCUREMENT" INCLUDES A
REQUEST FOR PROPOSALS ISSUED BY THE AUTHORITY.
3. "PUBLIC-PRIVATE PARTNERSHIP ARRANGEMENT"
MEANS A LEASE AGREEMENT BETWEEN THE AUTHORITY AND A PRIVATE
ENTITY UNDER WHICH THE PRIVATE ENTITY ASSUMES CONTROL OF
THE OPERATION AND MAINTENANCE OF AN EXISTING OR FUTURE
REVENUE-PRODUCING HIGHWAY, BRIDGE, TUNNEL, OR TRANSIT FACILITY.
(II) NOT LESS THAN 45 DAYS BEFORE ISSUING A PUBLIC
NOTICE OF PROCUREMENT RELATED TO A PUBLIC-PRIVATE PARTNERSHIP
ARRANGEMENT, SUBJECT TO § 2-1246 OF THE STATE GOVERNMENT ARTICLE,
THE AUTHORITY SHALL PROVIDE, TO THE SENATE BUDGET AND TAXATION
COMMITTEE, THE HOUSE COMMITTEE ON WAYS AND MEANS, AND THE HOUSE
APPROPRIATIONS COMMITTEE, FOR REVIEW AND COMMENT, AND TO THE
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- 2371 -
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