<?xml version='1.0' encoding='utf-8'?>
<section article="gtr" article_name="Transportation" number="3-513" title_number="3" title_name="Financing by Department" subtitle_number="5" subtitle_name="County Transportation Revenue Bonds">
  <level label="a">
    <text>Bonds issued under this subtitle are not debt of the State or the Department.</text>
  </level>
  <level label="b">
    <text>Bonds issued under this subtitle are not and may not be considered to constitute a debt or a pledge of the faith and credit of the State of Maryland or the Department.</text>
  </level>
  <level label="c">
    <text>All bonds issued under this subtitle shall contain a statement on their face to the effect that:</text>
    <level label="1">
      <text>Neither the State nor the Department is obligated to pay the principal of or the interest on them; and</text>
    </level>
    <level label="2">
      <text>Neither the faith and credit nor the taxing power of the State or the Department is pledged to the payment of the principal of or the interest on them.</text>
    </level>
  </level>
  <level label="d">
    <text>Bonds issued under this subtitle are obligations of the participating counties.</text>
  </level>
</section>
