Governing Body The MDTA was established in 1971 by the Maryland General Assembly through legislation codified in the Annotated Code of Maryland, Transportation Article, Title 4. Per statute, the MDTA’s board consists of eight Members plus the Chairman, who are all appointed by the Governor with the advice and consent of the Maryland Senate. The Board’s composition reflects the racial, gender, and geographic diversity of the population of the State and includes expertise in structural engineering, transportation planning, land use planning, and finance. Each Member serves a four-year term, and term expirations are staggered. Board Members are eligible for reappointment to the MDTA, with a limit of three consecutive terms. The Board has independent rate-setting powers and follows the agency’s formalized process for rate adjustments, which includes public review and comment. The Board has adopted Financial Management policies that set standards for financial operations, including key aspects of financial planning, issuing debt, reviewing revenue, and investment management.The Board meets monthly to discuss and approve policy and operations activity, and it consists of two standing committees that meet regularly. Each committee comprises four Board members. The Capital Committee has oversight of major capital planning projects and allocations. This includes project communications and outreach and major information technology projects. The Finance and Administration Committee oversees the MDTA’s financial and administrative activities including:
Each Committee meets monthly, and meetings are held in accordance with the Open Meetings Act. More information on the MDTA’s Board meetings is on the website . TRUST AGREEMENT The MDTA is legally required to operate within the parameters under the Second Amended and Restated Trust Agreement dated September 1, 2007, by and between MDTA and The Bank of New York Mellon, as trustee, as amended and supplemented from time to time (the “ Trust Agreement ”). MDTA’s Sustainability Approach The MDTA is committed to sustainable development, environmental compliance, stewardship, and continuous improvement in environmental performance. The MDTA’s Environmental Policy Statement on its website provides further details on its commitment to sustainability. The MDTA’s Chief Financial Officer (CFO) has ultimate oversight over environmental, social, and governance (ESG) matters. The MDTA’s CFO partners closely with the MDTA’s Executive Director and Chief Officers, who oversee specific ESG topics that fall under their organizational domains. Working together, the CFO and Chief Officers collaborate across departments to develop and implement programs and practices to continuously improve the MDTA’s sustainability and ESG practices. THE MDTA’S ESG TOPICS AND DEFINITIONS In 2024, the MDTA conducted an in-depth analysis of ESG topics relevant to public transportation agencies to inform development of our inaugural ESG report. The topics included in this report are informed by that analysis and have been reviewed and approved by MDTA leadership. The MDTA will continue to evaluate opportunities and trends to mature its ESG program and reporting over time.
General information technology issues Environment and risk management Asset control and damage recovery Additional matters of general administration
Debt financings Operating budget Capital budget
Financial forecast Civil rights and fair practices Socioeconomic program administration and compliance
MDTA BY THE NUMBERS View MDTA’s financial statements and annual reports here . $9.35B 710.2 Miles of Roadway & Bridge Deck 2 Value of Assets 1
$628.0M Operating Budget & Debt Service 4
9 Number of Toll Facilities 3
1,697 Total Employees
$935.9M Investments Managed 5
1 Current and noncurrent assets as of June 30, 2024. 2 Lane miles.
3 JFK Memorial Highway and the I-95 Express Toll Lanes are accounted for as two separate facilities in MDTA’s financial reporting. 4 Fiscal year 2024 operating budget and debt service ($485.1M Operating budget approved by the MDTA Board; $142.9M annual debt service). 5 Fair value as of June 30, 2024.
Environmental, Social, and Governance Report 6
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