...Sale Date: Sept. 18, 2018. Series: Maryland Department of Transportation (MDOT), Consolidated Transportation Bonds, Series 2018 (Second Issue). Purpose: To provide a portion of the capital funds needed for the consolidated transportation program. Security: Consolidated transportation bonds are payable from a portion of taxes collected in the state's transportation trust fund (TTF), following certain statutory allocations (pledged tax revenues) and prior to being available for other uses by MDOT. The pledged tax revenues are defined in section 3-215 of the Transportation Article of the Annotated Code of Maryland. If the pledged tax revenues become insufficient to meet debt service requirements, other receipts of the department are available for that purpose....
