11.07.09.02

.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.