NOTE 11 RELATIONSHIPS WITH OTHER GOVERNMENTAL AGENCIES (CONTINUED)
Maryland Port Administration The MDTA Police provide law enforcement services at the Maryland Port Administration’s (MPA) facilities. Among the areas protected at the Port of Baltimore are the Seagirt and Dundalk Marine Terminals (landside and waterside) and the Cruise Maryland Passenger Terminal, as well as the MPA’s World Trade Center headquarters building in downtown Baltimore. For the year ended June 30, 2024, intergovernmental revenue of $8,553 was received from the MPA. Intergovernmental Financing Lease Receivables The MDTA has entered into capital lease agreements with other governmental agencies, whereby the MDTA loaned or issued non-recourse debt to finance certain other governmental agencies’ projects. The MDTA’s intergovernmental financing receivable outstanding as of June 30, 2024 consisted of the following:
Intergovernmental Financing Receivable $ 193,081 9,989 203,070
Maryland Aviation Administration Maryland Department of General Services Total
22,835 180,235 203,070
Current portion Non-current portion Total
$
Maryland Aviation Administration The MDTA has intergovernmental financing leases with the MAA. The MDTA borrowed funds to finance the development and construction of certain airport facilities projects at the BWI Marshall Airport. The MDTA leases these airport facilities project assets to MAA under capital leases expiring on the date when the MDTA has recovered its costs related to the airport facilities projects. Per the related facility lease and financing agreements, amounts due to the MDTA under these capital leases are identical to the debt payment terms of the BWI Airport Consolidated Rental Car Facility Bonds and the BWI Airport Passenger Facility Charge Revenue Bonds (see Note 6 for additional information). The MAA funds lease payments to the MDTA through revenues received from the facilities financed.
76 | Maryland Transportation Authority | Notes to the Financial Statements ($ in thousands)
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