Policy No.: MDTA 7009 Effective Date: August 16, 2005
Original Date: August 16, 2005 Revised: October 30, 2025
Approved by: ________________________________________Date: ______________ Approval Signature Approved by: ________________________________________Date: ______________ Form and Legal Sufficiency Review, Office of Attorney General Debt Management Purpose The purpose of this Policy is to establish guidelines for the process by which the Maryland Transportation Authority (MDTA) issues and manages debt, and provides guidance to the MDTA Board and staff to ensure that a sound debt position and strong credit quality are maintained. References • Title 4 of the Transportation Article, Annotated Code of Maryland (Repl. Vol. 2008, as amended) • §5-7B-02 of the State Finance and Procurement Article, Annotated Code of Maryland • (Repl. Vol. 2009, as amended) • Second Amended and Restated Trust Agreement between the Maryland Transportation Authority and The Bank of New York Mellon, as Trustee, dated as of September 1, 2007, as amended (2007 Trust Agreement) • Code of Maryland Regulations (COMAR 11.07.09.09, Vehicle Parking Facilities)
• Governor’s Executive Order 01.01.1998.07 • Budget Committee Narrative Fiscal 2023 • Securities and Exchange Commission (SEC) • Municipal Securities Rulemaking Board (MSRB) • Federal Tax Code and Regulations • MDTA Board Policy: Investment Management • MDTA Board Policy: Preparation of Financial Forecasts Scope: This Policy is applicable to MDTA Finance Division staff. Responsible Party:
Implementation of the procedures is the responsibility of the CFO and MDTA Division of Finance staff. Any deviation from the procedures must be promptly reported to the
MDTA Finance Committee and the MDTA Board. Division of Finance to approve document change.
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