Committee backs $199.5 million bond plan to fund Bus Rapid Transit on Maryland 355
The Montgomery County Government Operations and Fiscal Policy Committee voted unanimously to recommend that the full council consider a resolution authorizing up to $199,500,000 in grant-anticipation revenue bonds to finance construction of Bus Rapid Transit (BRT) on the central portion of Maryland 355. Staff cautioned the bonds are payable only from state BRT fund receipts and carry limited default risk mitigants.
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The Montgomery County Government Operations and Fiscal Policy Committee voted unanimously to give a favorable recommendation to the full County Council on a resolution authorizing the issuance of grant-anticipation revenue bonds of up to $199,500,000 to support construction of Bus Rapid Transit (BRT) along the central portion of Maryland 355. Chair Stewart called the item the committee's first agenda matter of 2026 and opened the presentation before turning the floor to county staff.
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