# COMAR Title 11 — Department of Transportation

## Subtitle 07 — Maryland Transportation Authority

### Chapter 09 — Vehicle Parking Facilities

#### Regulation .04 Eligible Projects.

*COMAR 11.07.09.04*

A. A vehicle parking facility project financing proposal shall be submitted for approval by the Authority.

B. In order to be eligible for financing by the Authority, a vehicle parking facility project shall satisfy the following requirements:

  (1) Be located in a designated priority funding area; and

  (2) Generate sufficient revenue to:

    (a) Recover all financing costs associated with bond issuance;

    (b) Service all debt for each year the debt is outstanding and unpaid; and

    (c) Meet the acquisition, construction, maintenance, and operation costs of the vehicle parking facility.